Monday, March 23, 2009

Ministry of Economic Development has promised to Russia's GDP growth since late 2009.

KommentariiEkonomika dual dnom23.03.2009Pravitelstvo hurried to "withdraw" from the Russia crisis (Anti) byudzhet20.03.2009Vpervye crisis in eight years the Russian government approved a deficit byudzhetRossiysky GDP is projected to the Ministry of Economic Development, will begin to grow from the fourth quarter of this year. This statement was made by Deputy Minister of Economic Development Andrei Klepach, reports RIA Novosti.
March 2, Minister of Finance of Russia Alexey Kudrin said that Russia's GDP will grow in 2010 for two or three per cent after declining in 2009. Ministry to forecast that the outcome of this year Russia's economy to shrink by 2.2 percent. Klepach noted that the department indicated no plans to change the forecast.
In January of this year, Russia's GDP fell by 8.8 percent compared with January 2008, and 2.4 percent relative to last December. According to the Ministry of Economic Development Elvira Nabiullina, which she made in late February, the economy can grow only if the world oil prices would be above 50 dollars per barrel. March 23, Andrei Klepach said that the Ministry does not intend to raise the forecast for the price of oil in 2009 due to an increase in its value on the world market.
March 20, the first vice-premier of Russia Igor Shuvalov said that the crisis in Russia has reached a "bottom", or close to it. According to Shuvalov, the economy may begin to grow by the end of the year.

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