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Russian gov't approves development forecast for 2009-2011
RBC, 15.05.2008, Moscow 16:25:50.The Russian government has, on the whole, approved scenarios of the country's social and economic development for 2009-2011, Russia's Economy Minister Elvira Nabiullina told journalists today. The ministry is expected to introduce its social and economic forecast to the government in early August. The ministry revised its inflation forecast for 2008 from 9-10 percent to 9-10.5 percent. The forecast for 2009 remained unchanged at 6-7.5 percent, while the figure for 2010 was increased from 5-6 percent to 5-7 percent, and the forecast for 2011 remained at 5-6.8 percent. GDP and industrial production forecasts also remained the same. GDP is expected to grow 7.6 percent to RUB 42.24 trillion (approx. USD 1.77 trillion) in 2008, 6.6 percent to RUB 48.62 trillion (approx. USD 2.04 trillion) in 2009, 6.5 percent to RUB 55.69 trillion (approx. USD 2.34 trillion) in 2010, and 6.2 percent to RUB 63.51 trillion (approx. USD 2.66 trillion) in 2011. The industrial production index is projected to reach 105.7 percent in 2008, 105.5 percent in 2009, 105.6 percent in 2010, and 105.1 percent in 2011.
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