Interfax quoted Mr Antonio Spilimbergo advisor of the IMF's European department said the International Monetary Fund forecasts Russian GDP growth at 4% in 2012.

He said "The Russian economy has recovered from the 2008-09 crisis and is now running close to its potential."

In April, the IMF raised its forecast for Russian GDP growth from 3.3% to 4%.

Source - Interfax

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