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Putin acknowledged Russia’s economic slowdown

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The “main task” next year for the Russian authorities is to “stabilize inflation,” which has accelerated to its highest level in almost two years (9.7%), despite a rate hike by the Russian Central Bank Federation at a record level. for 20 years.

Russia’s economy is expected to slow by nearly half by 2025, Russian President Vladimir Putin said Thursday. This was reported by The Moscow Times on Thursday, December 26.

This year, according to Putin, Russia’s GDP will increase “by 4%,” while the next growth will decrease to 2-2.5%, according to the Ministry of Economic Development.

“We do not plan that it (economic growth – ed.) will be the same this year as it may sound, taking into account the macroeconomic realities, we do not need such growth yet,” Putin believes.

He added that the “main task” next year for the Russian authorities will be “stabilizing inflation,” which has accelerated to its highest level in almost two years (9.7%), despite the Central Bank’s rate hike of the Russian Federation at a record level for 20 years.

Let’s recall that in October it was reported that the growth of the Russian economy during the war had passed its peak and was now declining.

Subsequently, it became known that the Russian economy will face significant problems in 2025.

Russia is on the brink of an economic crisis
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Source: korrespondent

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