economy
IN BRIEF: Key statements by Russian Economic Development Minister at meeting with Putin
Russia is the fourth-largest economy in the world in terms of purchasing power parity and expects to maintain this position
TL;DR
- Russia is the fourth-largest economy in the world by purchasing power parity and expects to maintain this position.
- GDP growth recovered in March after declining in the first two months, indicating a stabilizing situation.
- Annual inflation as of May 4 was 5.6%, a sustainable trend that supports easing monetary policy and strengthens real incomes.
- Investment growth is expected to recover starting in 2027, with inflation continuing to slow to the target level.
- Real incomes have grown by 26% over the past three years, with a 2.6% increase in the first quarter despite overall negative economic dynamics.