Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Moscow, February 3 (Xinhua) — Russia's gross domestic product (GDP) growth in 2025 will be 1 percent, Russian President Vladimir Putin announced at a meeting on economic issues on Tuesday.
"This is below the dynamics observed previously, as we know well: in 2023 and 2024, growth was 4.1 percent, and growth was 4.3 percent. But we also know that this slowdown wasn't simply expected—it could even be said to be man-made: it was linked to targeted efforts to reduce inflation. While price growth in 2024 was 9.5 percent, by the end of last year, this figure was reduced to 5.6 percent," the Russian leader noted.
"We understand how important moderate, predictable price dynamics are for the well-being of Russian families, for the operation of businesses and organizations, for public finances, for the investment process, and for investment plans," he emphasized.
Vladimir Putin also noted that inflation accelerated slightly at the beginning of this year. As of January 26, it stood at 6.4 percent year-on-year.
“Expectations are that this period will be short-lived, and by the end of the year inflation should again fall to approximately 5 percent,” the Russian president stated. –0–
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