At the end of August, Putin at the previous meeting reported a sharp deterioration in forecasts for the economy of the Russian Federation – they predicted a slowdown in GDP growth of up to 1.5% in 2025.
“What do we see now?” Putin asked the question on September 15, and he himself answered. “According to the Ministry of Economic Development, in July the gross domestic product added 0.4% in annual terms, and over seven months of this year, the GDP growth was 1.1%. The question is: this is enough? Is this what we wanted? The pace? “
In April, the Ministry of Economic Development planned the growth of Russian GDP by 2.5% this year. For comparison – growth in 2024 amounted to 4.3%.
At the same time, the IMF predicted the growth of the global economy for 2025 to 3.3%.
“We should not just keep up with the global economy, but strive to outline its dynamics,” Putin said at the meeting.
According to him, the stability of public finances, the implementation of the planned projects and programs depend on the provision of affairs in the Russian economy. “
Context
On June 20, Putin said that he considers rumors about the decline of the Russian economy too exaggerated. He stated that the Russian Federation “paid inflation for the need of military expenditures,” but was fighting with her. He also added that the Russian Federation from next year can supposedly reduce military expenses, recognizing that the current burden on the country's economy is redundant.
On July 16, the chairman of the Federation Council of the Russian Federation Valentina Matvienko, during a meeting of the upper house of the parliament, said that the assembly of the budget-2026 in the Russian aggressor country, the preparation of which Russian officials begin, should be the “strict savings” of funds.
On July 26, Bloomberg informed that the Russian economy, which for a long time showed stability, despite international sanctions, “demonstrates more than cracks” with a volume of $ 2 trillion. The head of the Central Bank Elvira Nabiullina stated that the fears about the capital of banks are completely unfounded, the general director of Sberbank German Gref admitted: the quality of the loan portfolio is worsening, companies are increasingly forced to restructure debts.
