“The current real state of economy allows improving its development forecasts as well. Many experts say already now that Russia’s GDP may add more than 3% by the end of this year,” he said at a meeting on economic issues.

The Russian leader also noted that domestic inflation is gradually slowing down, by indicating the macroeconomic results at the beginning of 2024.

Vladimir Putin stressed that federal budget revenues over the past three months increased over 1.5 times, compared to 2023.

According to forecasts by the Russian Ministry of Economic Development, domestic inflation will slow to 5.1% by the end of this year.

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