document management services - Russia economic growth forecast 2012-2013 ; The macroeconomic situation in Russia report contains key economic indicators: GDP, real income of population, rate of inflation, unemployment etc. The report is based on the analysis of official statistics data such as Federal State Statistic Service (Rosstat), the Central Bank of the Russian Federation, the FederalCustoms Service, etc. Russia has outperformed other developed countries in terms of GDP growth
The report reflects the macroeconomic situation in Russia contains basic economic indexes forecast for up to 2012. The report reflects the macroeconomic situation in Russia contains basic economic indexes forecast for up to 2012.
World Bank lowers Russia's economic growth forecast 2012
The World Bank downgraded on Thursday the forecast for Russia's economic growth in 2011 to 4 percent from 4.4 percent. The bank also lowered its forecast for Russia's GDP in 2012 from 4.0 to 3.8 percent due to expected falling oil prices.
Russia's budget is to be balanced in 2011 and be ended with a 1.6-percent deficit in 2012 if the oil prices volatility and the government's social spending would remain moderate, it forecast. source news.xinhuanet.com
IMF gives positive report about Russian economy
According to the IMF, Russia's GDP will make up 4.8 percent (4.5% - in 2012). IMF's executive director for the Russian Federation, Aleksei Mozhin, said that the above-mentioned data were already outdated because they referred to the period when the report was being made. According to specified information, the growth in 2011 and 2012 is supposed to reach 4.3 and 4.1 percent of the GDP respectively. The inflation rate by the end of the current year is not supposed to exceed the level of 7.5 percent.
As for the growth of the GDP, the situation looks better than in the recent Russian forecasts, whereas the inflation rate looks worse. According to most recent information from Russia's Ministry for Economic Development, the economic growth in 2011 is expected to reach 4.1 percent. As for the inflation rate, the level is expected to be within the limits of 6.5-7.0 percent. source english.pravda.ru
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