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Putin admits Russian inflation is an 'alarming signal' and the economy is 'overheating'

In a recent statement, Russian President Vladimir Putin acknowledged that the country's inflation rate, which has surged to 7.8% annually, is an "alarming signal" indicating that the Russian economy is overheating. This admission comes amidst a backdrop of economic challenges including a significant labor shortage, with around 3 million workers missing from the workforce, partly due to military mobilization and emigration following the invasion of Ukraine. Putin highlighted the need for a tight monetary policy to manage inflation, while also noting the positive aspects of economic growth, such as a 5.4% GDP increase in the first quarter. Despite these growth figures, the high inflation rate and economic overheating pose significant concerns for Russia's economic stability.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/putin-admits-russian-inflation-is-an-alarming-signal-and-the-economy-is-overheating/ar-AA1w9yDz ]