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Putin: Russian economy likely shrank 2.5% in 2022 but beating expectations

Putin, who was speaking at a meeting with top officials including the finance minister and central bank chief, said that the Russian economy likely shrunk by %2.5 in 2022 but beat expectations, while real wage growth needed to be stimulated.

Reuters ECONOMY
Published January 17,2023
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President Vladimir Putin said on Tuesday that the Russian economy was likely to have shrunk by 2.5% in 2022, but that it was performing better than most experts had predicted.

Putin, who was speaking at a meeting with top officials including the finance minister and central bank chief, said real wage growth needed to be stimulated.