Russia slashes 2025 economic growth forecast as recession fears rise | Putin

Russia’s Finance Minister Anton Siluanov has warned President Putin of a sharp slowdown in the Russian economy for 2025, slashing the growth forecast from 2.5% to 1.5% as surging war costs, sanctions, and tight monetary policy shake confidence. After two years of remarkable growth (4.1% in 2023, 4.3% in 2024), the outlook now dims, with recession fears growing and the IMF predicting Russia’s weakest performance among major economies next year. Watch for more