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Russia's Putin says cooling of economy in 2025 is a 'conscious' decision

BY Reuters | ECONOMIC | 04:50 AM EST

MOSCOW, Dec 19 (Reuters) - An economic slowdown in Russia this year to 1% ?growth from 4.3% in ?2024 was the result of ?conscious actions ?by the ?central bank to bring ?down the inflation ?rate, President Vladimir Putin said on ?Friday.

Putin ?told ?his annual press conference that, as a result ?of these actions, the inflation rate will slow to between 5.5% and 5.7% ?in ?2025 from 9.5% last year. He ?said all the armed forces' needs could be financed from the state budget.

(Reporting by Gleb ?Bryanski, Guy Faulconbridge, Vladimir Soldatkin, Anton Kolodyazhnyy and Filipp ?Lebedev, Editing by Timothy Heritage)

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