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Putin finally admits Russia’s economy is in trouble and grasps for answers, after warnings about a financial crisis have been piling up

Posted on April 18, 2026
By Fortune
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1 min read

Putin finally admits Russia’s economy is in trouble and grasps for answers, after warnings about a financial crisis have been piling up

Putin revealed that GDP shrank by combined 1.8% in January and February, adding that manufacturing, industrial production and construction were negative.