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Putin Signals Economic Slowdown as Russia Battles Persistent Inflation
Putin Signals Economic Slowdown as Russia Battles Persistent Inflation
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Russian President Vladimir Putin has framed the country’s economic deceleration as a deliberate strategy to combat inflation exceeding 10%. First-quarter GDP growth of 1.9% reflects selective strength in manufacturing amid broader constraints.
The Kremlin’s ’soft landing’ approach prioritizes price stability over expansion, with policymakers acknowledging subdued growth prospects for 2024. This controlled slowdown mirrors macroeconomic tightening seen in other inflation-plagued economies globally.
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