Business & Economy

'We Are Achieving The Target': President Putin On Russia's GDP Growth

Russia’s GDP growth for 2025 will be around 1%, and inflation will be around or below 6%, Putin said at a meeting of the Council for Strategic Development and National Projects.
Sputnik
Key points from the president’s speech:
🔻 Economic growth should cover all regions of the country, and the regional component of economic national projects needs to be strengthened.
🔻 The government and regional authorities face a systemic task of "whitening" the national economy. It is important that businesses do not move into the shadow economy even with the VAT increase.
🔻 Technological leadership projects are complex and unconventional, but the pace of their implementation must significantly increase.
🔻 The implementation of Russian innovations must be systematized, and they should find wide practical application.
🔻 The growth dynamics of the domestic economy are better than in several European countries. Russia’s economy is moving forward despite attempts to restrain its development.
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