OREANDA-NEWS  The Ministry of Economic Development of the Russian Federation, based on leading indicators, sees signs of a cooling economy, said Maxim Reshetnikov, head of the ministry, at a meeting of the State Duma Committee on Economic Policy.

"As you know, the economy continued to grow last year. However, we are now seeing signs of its cooling, especially when we look at the leading indicators. It is clear that our statistics record changes with some lag, but we are looking at much more indicators here. What we are seeing is that growth has stopped being frontal, the pace in a number of industries has slowed down, the volume of business orders is decreasing, and PREP is being tightened," said Reshetnikov.

In 2024, Russia's GDP grew by 4.1%. According to the current forecast of the ministry, the ministry expects economic growth of 2.5% this year.

In early February, Russian Deputy Prime Minister Alexander Novak described the current situation in the country's economy as a controlled cooling, when it is necessary to find a balance between ensuring economic growth and the tasks of slowing inflation. Later, he noted that the main common goal for the government and the Central Bank is to prevent hypothermia of the economy in the short term, and the key task of the Cabinet is to ensure controlled removal of overheating in industries.