Russia's GDP Expansion Slows to 1 Percent in 2025, Putin Says
During an economic policy meeting in Moscow, Putin explained the modest expansion marked a significant downturn from the robust 4.1 percent growth achieved in 2023 and 4.3 percent recorded in 2024. The slowdown resulted from deliberate government interventions designed to rein in surging consumer prices, he stated.
The anti-inflation strategy has yielded measurable results. Putin reported that Russia's inflation rate declined sharply to 5.6 percent in 2025, down from 9.5 percent the year prior.
Looking ahead, the Russian leader forecast inflation would continue its downward trajectory, potentially reaching 5 percent during the current year.
Putin stressed the urgent need for Russia to rebuild economic momentum, enhance conditions for business operations, and stimulate investment flows while prioritizing improvements in worker productivity.
"Relevant measures have been incorporated into the 2030 economic structural reform plan. I call for its consistent implementation in accordance with the outlined schedule, so that the first significant results become visible as early as this year," he said.
The president underscored that Russian officials must deliver concrete achievements in revitalizing domestic growth and controlling price increases.
"We all understand how crucial moderate, predictable price dynamics are for the well-being of Russian families, the operation of enterprises and organizations, state finances, the investment process, and investment plans," Putin said.
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