Putin says measures taken to boost Russian economy are working despite downgraded outlook
Russian President Vladimir Putin has said that government measures aimed at strengthening the country’s economy are beginning to deliver results, even as official forecasts point to a slowdown in growth.
Speaking at a televised meeting with senior economic officials, Putin said the steps taken by the government were helping stabilise key macroeconomic indicators and maintain overall economic resilience.
The comments come at a time when Russia’s economic authorities have revised down growth expectations for the coming years, citing ongoing pressures from sanctions, tight monetary policy, and structural constraints in the economy. The Economy Ministry has cut its 2026 GDP growth forecast significantly, reflecting weaker-than-expected momentum in industrial output and investment activity.
Despite the downgrade, Kremlin officials maintain that the economy remains stable. Spokesperson Dmitry Peskov said the government had taken “necessary measures” to ensure macroeconomic stability, adding that Russia could still “talk confidently” about its economic foundations even amid global volatility.
Putin has repeatedly instructed his cabinet and central bank to prioritise restoring sustainable growth, improving productivity, and boosting investment, while keeping inflation under control.
Analysts note that Russia’s economy has shown mixed signals in recent months: while certain sectors continue to benefit from state spending and commodity revenues, overall growth momentum has weakened compared with previous years.
The latest remarks highlight Moscow’s effort to project economic stability and policy control, even as external pressures and downgraded forecasts suggest a more challenging outlook ahead.
