Putin Outlines Economic Priorities for 2026
17:59 03.02.2026 (Updated: 18:04 03.02.2026)

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Putin Outlines Economic Priorities for 2026
The Russian president held his first economic meeting of 2026, centered on growth patterns, inflation control, and improving labor productivity.
Key points:
Russia’s GDP expanded by 1% in 2025
Growth slowed compared to previous years, a trend described as expected and influenced by policies aimed at limiting inflation
Inflation fell to 5.6% in 2025 and is projected to approach 5% by the end of 2026
A short-term rise in inflation early in the year is attributed to a VAT hike
Boosting labor productivity remains a major focus, particularly due to worker shortages in several industries
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