Russian President Vladimir Putin said on Tuesday that Russia's gross domestic product grew by one percent in 2025, which was in line with expectations.
Speaking at an economic meeting in Moscow, Putin said the country's economic growth rate in 2025 was lower than the 4.1 percent recorded in 2023 and 4.3 percent in 2024, attributing the slowdown to deliberate government measures designed to contain inflation.
Putin added that Russia's inflation rate fell to 5.6 percent in 2025 from 9.5 percent the previous year. He projected that the country's inflation rate is on track to drop to five percent this year.
He noted that Russia must restore economic growth momentum, improve business climate, and boost investment activity with a focus on raising labor productivity.
Russia's economic slowdown in 2025 in line with expectations: Putin
Russia's economic slowdown in 2025 in line with expectations: Putin
