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Putin says Russia's economic crisis is over, inflation falling
June 15, 2017 / 9:26 AM / 3 months ago

Putin says Russia's economic crisis is over, inflation falling

Russian President Vladimir Putin applauds during the State Prize awards ceremony marking the Day of Russia at the Kremlin in Moscow, Russia June 12, 2017. REUTERS/Natalia Kolesnikova/Pool

MOSCOW (Reuters) - President Vladimir Putin said on Thursday that Russia’s economic crisis was over and that inflation, already at a historic low, would fall further to 4 percent this year.

“What does the objective data show? It shows that the recession in the Russian economy is over. We have moved to a period of growth,” Putin said during his annual question and answer session with Russian citizens.

“We have witnessed growth for three consecutive quarters.”

Reporting by Polina Nikolskaya and Vladimir Soldatkin; Writing by Katya Golubkova; Editing by Andrew Osborn

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