Russia's Economic Outlook: GDP Growth and Inflation Trends
Russia's GDP grew by 1% in 2025, as announced by President Vladimir Putin. Despite a price spike in January due to a VAT increase, Putin predicts that the inflation rate will stabilize at around 5% by year's end, implying short-term impact on the economy.
- Country:
- Russia
Russia's economy is set on a growth trajectory, with its GDP expanding by 1% in 2025. This development was announced by President Vladimir Putin during a governmental meeting.
Despite concerns over rising prices following a value-added tax (VAT) hike in January, Putin emphasized the temporary nature of the spike, suggesting minimal long-term impact on the economy.
Looking ahead, the President projected that inflation, driven in part by the VAT hike, will stabilize at approximately 5% by the year's conclusion, indicating a manageable economic outlook.
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