Russia is Achieving Target of GDP Growth for 2025, Putin Says

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MOSCOW (Sputnik) - Russia's economic growth rate is undergoing an expected slowdown this year, according to Vladimir Putin.
Russia's GDP growth will be around 1% by the end of 2025, with inflation at or below 6%, Russian President Vladimir Putin said on Monday.
"This year, Russia's economic growth has passed the expected slowdown. Along with the decline in inflation, GDP growth has also slowed. By the end of the year, it will be around 1%, but inflation will also be around or below 6%. Overall, the goal is being achieved," Putin said at a meeting of the Council for Strategic Development and National Projects.
Putin ordered an immediate implementation of a plan for structural changes in the Russian economy.

"Now the conditions and opportunities have been created to gradually increase economic dynamics, while maintaining low unemployment," he said.

Russia feels external pressure, but its economy is successfully coping with the challenges, Vladimir Putin stated last week.
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