GBAF Logo
Putin says measures taken to boost Russian economy are working - Finance news and analysis from Global Banking & Finance Review
Finance

Putin says measures taken to boost Russian economy are working

Published by Global Banking & Finance Review

Posted on May 15, 2026

1 min read

· Last updated: May 15, 2026

Add as preferred source on Google
Finance Banking Markets

Putin Reports Positive Results from Measures Boosting Russian Economy

Russian Economic Performance and Government Measures

Government Response to Economic Challenges

MOSCOW, May 15 (Reuters) - Russian President Vladimir Putin said on Friday that measures undertaken by the government to boost the economy were beginning to yield positive results, after Moscow was forced to slash its economic growth forecast for this year.

Recent Economic Data

Economic data for March was positive, with gross domestic product (GDP) up 1.8%, Putin told a televised meeting of government officials. Despite March growth the economy contracted by 0.3% in the first quarter.

Updated Economic Forecasts

Fresh forecasts this week by Russia's Economy Ministry lowered estimates for gross domestic product (GDP) growth in 2026 to 0.4% from 1.3% and cut estimated growth in 2027 to 1.4% from 2.8%. Growth was expected to reach 2.4% in 2029.

(Reporting by Reuters; Writing by Lucy Papachristou; Editing by Gleb Bryanski)

Key Takeaways

  • March GDP up 1.8% year‑on‑year, but Q1 contracted 0.3% YoY(interfax.com)
  • Economic Development Ministry slashed 2026 GDP forecast to 0.4% (from 1.3%), and cut 2027 forecast to 1.4%, with 2.4% expected by 2029(interfax.com)
  • Despite downgrades, Kremlin highlights macroeconomic stability and says measures are working; Central Bank forecasts slightly higher growth (0.5–1.5%) for 2026(m.investing.com)

References

Frequently Asked Questions

What did Putin say about the Russian economy?
Putin stated that government measures to boost the Russian economy are beginning to yield positive results.
How did Russia's GDP perform in March?
Russia's GDP rose by 1.8% in March, according to Putin.

Tags

Related Articles

Image for UK regulator conditionally clears $3.7 billion Getty-Shutterstock merger

UK regulator conditionally clears $3.7 billion Getty-Shutterstock merger

Image for UK shares slide as Burnham leadership threat and oil prices unsettle investors

UK shares slide as Burnham leadership threat and oil prices unsettle investors

Image for Ukraine doubles strikes on Russian oil refineries this year

Ukraine doubles strikes on Russian oil refineries this year

Image for Italy assessing request by KKCG for 'golden power' scrutiny on Ferretti

Italy assessing request by KKCG for 'golden power' scrutiny on Ferretti

Image for UK 30-year gilt yield hits highest since 1998 on political and inflation fears

UK 30-year gilt yield hits highest since 1998 on political and inflation fears

Image for BT revives talks for international business sale, Sky News reports

BT revives talks for international business sale, Sky News reports

More from Finance

Explore more articles in the Finance category

Image for India's free trade deal with Britain hits steel hurdle before rollout
India's free trade deal with Britain hits steel hurdle before rollout
Image for Ukrainian drones hit oil refinery in Russia's Ryazan, Ukraine says
Ukrainian drones hit oil refinery in Russia's Ryazan, Ukraine says
Image for KNDS presses on with IPO, limiting window for German stake
KNDS presses on with IPO, limiting window for German stake
Image for Hungary's visa halt plan for non-EU workers alarms businesses
Hungary's visa halt plan for non-EU workers alarms businesses
Image for X agrees to British crackdown on hate speech and militant content, regulator says
X agrees to British crackdown on hate speech and militant content, regulator says
Image for Argentum AI signs $2.5 billion data center deal with cloud, real estate firms
Argentum AI signs $2.5 billion data center deal with cloud, real estate firms
Image for Nvidia, retailer reports to shed light on AI boom, consumer spending
Nvidia, retailer reports to shed light on AI boom, consumer spending
Image for Exclusive-Blackstone, CD&R explore bids for Ben & Jerry's owner Magnum, sources say
Exclusive-Blackstone, CD&R explore bids for Ben & Jerry's owner Magnum, sources say
Image for Polish lawmakers adopt crypto regulation amid multi-million dollar fraud probe
Polish lawmakers adopt crypto regulation amid multi-million dollar fraud probe
Image for Ackman's Pershing Square takes stake in Microsoft, citing 'compelling' valuation
Ackman's Pershing Square takes stake in Microsoft, citing 'compelling' valuation
Image for Exclusive-Schroders to exit wholly-owned China fund management unit, sources say
Exclusive-Schroders to exit wholly-owned China fund management unit, sources say
Image for UK 10-year yields hit highest since 2008 on political worries, global inflation concerns
UK 10-year yields hit highest since 2008 on political worries, global inflation concerns
View All Finance Posts