24 July 2003 02:30
PM predicts slowdown in Russian economy in 2004 over fall in oil prices
NOVOSIBIRSK. July 24 (Interfax) - In 2004 Russia's economic growth will be slower than this year and below 5.5%,
Russian Prime Minister Mikhail Kasyanov told reporters in Novosibirsk on Thursday.
"Next year the rate of economic growth will be smaller under the impact of falling oil prices," he
said.
Kasyanov did not speak of the possible oil price level in 2004, saying it was necessary to receive full information
and analyze the matter.
Quoting earlier estimates he said that economic growth this year will be around 6%. "The indicator will be
between 5.5% and 6%, closer to 6% and possibly equal to 6%," he said. [RU EUROPE EEU EMRG ECI O TRD] ml aw
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