Russian President Vladimir Putin Forecasts GDP Fluctuation and Focuses on Inflation Acceleration

Russian President Vladimir Putin has stated that the country’s GDP growth rate for the year could range between 2.5-2.8% and may reach the level seen in 2021.

This statement was made during a meeting between the President and the government to discuss the formation of the general federal budget for the years 2024-2026. Putin highlighted the importance of creating conditions for more stable long-term development and identified one of the main challenges facing the Russian economy as accelerating inflation.

Putin emphasized the need to understand the factors contributing to the weakening of the ruble and to make timely decisions. He also announced a separate meeting with Prime Minister Mikhail Mishustin to address the current economic situation.

According to Putin, “The government will finalize the draft federal budget for the next three years, covering 2024, 2025, and 2026. It is important to note that the current economic situation is generally stable and balanced.”

Source: News