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Home > Finance > Russia's Putin says cooling of economy in 2025 is a 'conscious' decision

Finance

Russia's Putin says cooling of economy in 2025 is a 'conscious' decision

Published by Global Banking and Finance Review

Posted on December 19, 2025

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MOSCOW, ‌Dec 19 (Reuters) - An economic ‍slowdown ‌in Russia this year ⁠to 1% ‌growth from 4.3% in 2024 was the result of ⁠conscious actions by the central bank to bring down ‌the inflation ⁠rate, President Vladimir Putin said on Friday.

Putin told his annual press conference that, as a result of these actions, the inflation ‍rate will slow to between 5.5% and 5.7% in 2025 from 9.5% last year. He said all the ⁠armed forces' needs could be financed from the state budget.

(Reporting by Gleb Bryanski, Guy Faulconbridge, Vladimir Soldatkin, ‌Anton Kolodyazhnyy and Filipp Lebedev, Editing by Timothy Heritage)

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