Putin's Economic Balancing Act: Suppressing Inflation or Stalling Growth?

President Vladimir Putin stated that Russia is intentionally moderating its economic growth to control inflation, dismissing fears of a potential recession. He assured that the economy is not approaching a crisis despite the controlled slowdown.

President Vladimir Putin announced on Thursday that Russia is intentionally slowing its economic growth. The move aims to curb inflation, which the country seeks to manage carefully.

In addressing public concerns, Putin downplayed the notion that Russia is nearing an economic downturn. The president assured that the nation's economy is far from recession conditions.

This strategic decision comes amid varying interpretations of Russia's economic health, with a focus on maintaining stability.

(With inputs from agencies.)