14 August 2003 08:05
Russian ministry issues rosy economic forecast for 2003-06
Moscow, 14 August: In the coming three years the growth of consumer prices in Russia will be gradually slowing down,
according to a forecast contained in materials prepared by the Ministry of Economic Development and Trade for
Thursday's [14 August] meeting of the government.
Ministry data have it that the inflation rate will grow by 8-10 per cent next year, by 6.5-8.5 per cent in 2005 and
by 5.5-7.5 per cent in 2006. Besides, GDP growth, provided there are favourable external and internal conditions, will
be 5.2 per cent in 2004, 5.9 per cent in 2005 and 6 per cent in 2006.
The prediction is that Russian exports next year will run at 125,000m US dollars while imports will amount to 78,400m
US dollars. As a result of the current year, exports will run at 124,900m US dollars and imports at 71,000m US
dollars.
In 2005 exports are predicted to amount to 131,400m US dollars, with imports running at 86,500m US dollars. In 2006,
the ministry predicts exports to run at 138,900m US dollars and imports at 94,900m US dollars.
[ITAR-TASS news agency] |
RUSSIA IN FACTS
