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, December 19 /Xinhua/ — Russia's GDP growth in 2025 will be 1 percent, and over three years, 9.7 percent, which is significantly higher than in Europe. This was announced by Russian President Vladimir Putin on Friday during a direct line-in broadcast and press conference.
"What happened in our economy over the past year? GDP growth is 1 percent, but if we take the last three years into account, that's also quite accurate, with overall growth being 9.7 percent. Meanwhile, growth in the eurozone was 3.1 percent," he noted.
According to the Russian leader, the slowdown in Russia's GDP growth is a deliberate price to pay for maintaining the quality of the economy and macroeconomic indicators. "As for the economic growth rate this year, these are deliberate actions by the government, the Central Bank, and the entire country's leadership related to inflation targeting," he clarified.
Vladimir Putin emphasized that, overall, the goal of reducing inflation is being achieved. "The goal was to reduce inflation to at least 6 percent. But, judging by everything, by the end of the year it will be below 6 percent—5.7-5.8 percent," he said.
The Russian head of state also noted that the unemployment rate in Russia, which was already at a record low, has fallen even lower. "Last year's unemployment rate, as we said, was at a historically low level—2.5 percent. This year, it's even lower—2.2 percent," Putin cited the data, adding that these are very good figures.
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