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10/12/2013
20:05
IMF lowers growth outlook for Russia's GDP in 2014 to 2% from 3%

The International Monetary Fund lowered its growth outlook for Russia's gross domestic product in 2014 to 2% against the previous forecast of 3%, the IMF reported.

IMF's forecast of Russia's 2013 GDP growth was not revised (1.5%).

"Growth has continued to slow, while inflation remains above target and vulnerabilities persist," the IMF comments.

According to the Federal State Statistics Service, Russia's 9-month 2013 GDP based on current prices increased by 1.3% year-on-year to RUB 49.032 trillion.

In the third quarter of 2013, Russia's gross domestic product in current prices amounted to RUB 17,933.6 billion increasing by 1.2% year-on-year, 9.3% quarter-on-quarter. The GDP index deflator (average prices in Q3 2013 against Q3 2012) was 108.4%.

In 2012, Russia's GDP increased by 3.4% RUB 62.357 trillion, the GDP index deflator being 108% (average prices in 2012 against 2011).


"AK&M", 10.12.2013 17:03

 

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