Russia needs to ensure stable economic growth: Vladimir Putin

Russia needs to ensure stable rates of economic growth with a reduction in inflation and low unemployment, Russian President Vladimir Putin said at a meeting on economic issues, reports TASS. "Then [at a meeting of the Council for Strategic Development and National Projects at the end of last year] the goal was set to ensure stable rates of economic growth with a simultaneous reduction in inflation and maintaining a low unemployment rate. Statistical data from the beginning of this year confirm the importance and relevance of this approach," the head of state said.

A minor adjustment to the dynamics of Russia's GDP forecast for 2025 by international organizations is a working moment and reflects ongoing trends in the country's economic growth, according to the experts interviewed by TASS. Earlier, the International Monetary Fund (IMF) released a report in which it raised its forecast for Russian economic growth in 2025 - to 1.5% from 1.4%.

"The Russian economy has been growing at an extremely high rate for two years, above 4%, which has rarely happened even in Russia's modern history after 2009. Therefore, the slowdown is largely justified, in particular because the influence of the budget impulse, which has been significant in the economy recently, has decreased.

The impact of sanctions from unfriendly countries is not weakening, but only growing. In this regard, a minor adjustment of the forecast for our country's economy for 2025 by international organizations seems to be quite a working moment," Vladimir Klimanov, Director of the Regional Policy Center, Institute of Applied Economic Research (IPEI), RANEPA, told TASS.

According to Oleg Skapenker, associate professor of the Department of World Financial Markets at the Plekhanov Russian University of Economics, the projected growth of Russia's GDP in 2025 by 1.5% is a very good indicator. The revision of the IMF's estimate is also due to the fact that the fund received more objective data on the performance of the Russian economy at the end of last year, he believes. "There are results in establishing production - many things can be produced locally, and the rest is supplied through already quite stable channels. Volumes are also growing - the geopolitical situation determines a multiple increase in the production of certain types of products," Skapenker noted, adding that the emerging hopes for the resumption of full-fledged international trade also have a positive effect.

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