Russia's GDP growth slumps to 1.6%
Quotes

Russia's GDP growth slumps to 1.6%

Last Updated: Saturday, May 18, 2013, 13:10
 
 Comment 0
 
Russia's GDP growth slumps to 1.6%
Moscow: There was just 1.6 percent growth witnessed in the Russian GDP in the first quarter this year, which is its fifth quarterly fall, according to the country's federal statistics service.

That is more optimistic, however, than deputy economic development minister Andrei Klepach's earlier estimate of growth slowing to 1.1 percent.

In April, the ministry reduced its annual GDP forecast from 3.6 percent to 2.4 percent.

Russia's GDP growth slowed throughout 2012, falling from 4.8 percent in the first quarter to 4.3 percent in the second, 3 per cent in the third and 2.1 percent in the fourth.

In late April, Russian President Vladimir Putin urged the government to work out measures to boost growth and stimulate the country's faltering economy.

IANS



First Published: Saturday, May 18, 2013, 13:10


Comments


comments powered by Disqus
PM Narendra Modi in France
PM Narendra Modi in France
PM Modi`s Make in India push in Germany
PM Modi`s Make in India push in Germany
Renault Lodgy MPV
Renault Lodgy MPV
Apple Watch: Worldwide preview
Apple Watch: Worldwide preview
2015 New York Auto Show
2015 New York Auto Show

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved