MOSCOW, Feb. 3 (Xinhua) -- Russian President Vladimir Putin said on Tuesday that Russia's GDP grew by 1 percent in 2025, noting that the growth slowdown was in line with expectations.
Speaking at an economic meeting in Moscow, Putin said the country's economic growth rate in 2025 was lower than the 4.1 percent recorded in 2023 and 4.3 percent in 2024, due to the rollout of targeted measures aimed at curbing inflation.
Putin added that Russia's inflation rate fell to 5.6 percent in 2025 from 9.5 percent the previous year.
He projected that the country's inflation rate is on track to drop to 5 percent this year.
Putin noted that Russia must restore economic growth momentum, improve the business climate, and boost investment activity with a focus on raising labor productivity.
"Relevant measures have been incorporated into the 2030 economic structural reform plan. I call for its consistent implementation in accordance with the outlined schedule, so that the first significant results become visible as early as this year," he said.
The president also emphasized that Russian authorities must achieve tangible progress in reviving domestic economic growth and combating inflation.
"We all understand how crucial moderate, predictable price dynamics are for the well-being of Russian families, the operation of enterprises and organizations, state finances, the investment process, and investment plans," Putin said.
