Russian economic slowdown has mainly domestic causes - Putin


  • World
  • Thursday, 12 Dec 2013

The audience listen to Russia's President Vladimir Putin who speaks during his annual state of the nation address at the Kremlin in Moscow December 12, 2013. REUTERS/Sergei Karpukhin

MOSCOW (Reuters) - Russia's economic slowdown is mainly being driven by domestic causes, President Vladimir Putin said on Thursday, singling out low labour productivity as a problem.

"We have to be clear: The main reasons for the economic slowdown are not external but internal," Putin said in an annual address to lawmakers and officials in the Kremlin.

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