October 16, 2008

Russian economy grows by 7.9% in January to July 2007

According to Russian economic development and trade ministry Russian GDP during July 2007 grew by 8% and 7.9% in January to July 2007 as compared to 6.1% GDP in January to July 2006.

The official of economic development and trade ministry forecast for GDP growth in 2007 is 6.5%. The ministry is not ruling out an annual growth of 7%.

The Russian economy grew by 6.7% in 2006.