Putin: Russia's 1% slowdown in economic growth by 2025 meets expectations

Moscow, February 3 (Xinhua) - Russian President Putin stated on the 3rd that Russia's gross domestic product will grow by 1% in 2025, and the slowdown in growth rate is in line with expectations.

During a meeting on economic issues in Moscow on the same day, Putin said that in 2025, Russia's economic growth rate will be lower than 4.1% in 2023 and 4.3% in 2024. He stated that the expected slowdown in economic growth in 2025 is mainly due to the implementation of special measures aimed at reducing inflation.

Putin introduced that Russia's inflation rate in 2025 has dropped to 5.6%, lower than the 9.5% in 2024. In addition, as of January 26th, Russia's annualized inflation rate for this year is 6.4%. Putin predicts that Russia's inflation rate is expected to drop to 5% this year.

In December 2025, Putin stated during the "annual inventory" event that he expected Russia's GDP growth rate to be 1% in 2025, with a cumulative growth rate of 9.7% over the past three years.