Putin Warns of Recession Risk Amid Booming Economy

Russian President Vladimir Putin has cautioned his officials to avoid overheating the economy by reducing military spending. He cited warnings from experts that stagnation or recession may occur if efforts to cool down the economy are not managed carefully. Economy Minister Maxim Reshetnikov made a similar warning, stating that economic numbers only reflect past growth and do not guarantee future success.

Source: https://www.politico.eu/article/putin-warns-officials-recession-russia-economy-war-ukraine