Russian President Vladimir Putin reported an anticipated slowdown in the country's economic growth for 2025. He emphasized the need for inflation control and a smooth transition to a more stable economic dynamic.
Overall Economic State
According to Putin, Russia's gross domestic product (GDP) grew by 1.9% in early 2025. He noted that more significant growth was observed in the manufacturing sector. The president remarked that GDP dynamics this year are likely to be lower than last year.
Putin's Forecasts and Remarks
Putin stated that in 2024, Russia's GDP increased by 4.3%. The IMF expects the economy to grow by 1.5% in 2025. "Inflation is still at high levels – over 10%," he added, emphasizing the need to achieve a sustainable slowdown in prices.
External Economic Factors
Putin highlighted the importance of analyzing economic conditions amid a complicated international environment characterized by significant fluctuations in commodity and financial markets. He also noted the impact of international sanctions and increased military spending on the Russian economy.
The projected economic growth slowdown in Russia for 2025 is driven by various internal and external factors. Experts continue to monitor changes in the international arena that may influence the economic situation in the country.
