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Russia's 2016 Economic Performance Better Than Expected - Putin

© Sputnik / Vladimir Astapkovich / Go to the mediabankRussian President Vladimir Putin attends his annual end-of-year news conference in Moscow, Russia
Russian President Vladimir Putin attends his annual end-of-year news conference in Moscow, Russia - Sputnik International
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Russia's economic performance turned out better than expected last year, Russian President Vladimir Putin said Friday.

MOSCOW (Sputnik) — He also noted a general positive trend.

"In general, we see a positive trend in the economy. Last year's results, with nearly all the main indicators of the past year delivered, were better than we expected," Putin said at a meeting on economic issues.

Russia is seeing a sustainable deceleration of inflation this year as it crossed the "psychological threshold" of 5 percenth, the Russian President added.

"A steady decline in inflation continues this year. In February, the index in annual terms broke the psychological threshold of 5 percent," Putin said at a meeting on economic issues.

He said the deceleration continued over the course of the month, reaching 4.72 percent as of February 13.

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