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Russia’s GDP increased by almost 5% in January-March – statistics

May 15, 2012, 20:14 UTC+3
In March, the Russian GDP, exclusive the seasonal factor, decreased by 0.6 percent
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MOSCOW, May 15 (Itar-Tass) —— The growth of the Russian Gross Domestic Product (GDP) is preliminary estimated at 4.9 percent in the first three months of the year, as compared to the same period of 2011, the Federal State Statistics Service said on Tuesday.

At the end of April, Russian Acting Minister of Economic Development Elvira Nabiullina said that her ministry projected the GDP growth at four percent in January-March and 3.2 percent in March 2012, the statistics reaffirmed.

In March, the Russian GDP, exclusive the seasonal factor, decreased by 0.6 percent. At the mean time, the indicator grew by 0.2 percent in January-March 2012, as compared to October-December 2011.

This year’s GDP growth projection was decreased to 3.4 percent, which is linked with the base reappraisal and additional growth of the preceding year, which was below the Economic Development Ministry’s forecasts.

 

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