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
New York Auto Show: 2015 Subaru Outback
New York Auto Show: 2015 Subaru Outback
New York Auto Show: Dodge Hot Cars
New York Auto Show: Dodge Hot Cars
New York Auto Show 2014: Hot Cars
New York Auto Show 2014: Hot Cars
Top 10 Fastest-Emerging Cities
Top 10 Fastest-Emerging Cities
Top Businesswomen in India
Top Businesswomen in India

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