Putin pleased with acting at Moscow's Maly drama theaterSociety & Culture March 23, 23:35
Former Russian MP killed in Kiev, killer dies in hospitalWorld March 23, 23:32
Russia's Channel One refuses to broadcast Samoilova's performance via satelliteSociety & Culture March 23, 21:52
Experts forecast Bank of Russia will keep key rate at 10%Business & Economy March 23, 21:13
Putin's aide explains why Russia has no fear of supplying S-400 systems to TurkeyRussian Politics & Diplomacy March 23, 20:42
British police identify Westminster attacker as Khalid MasoodWorld March 23, 20:03
Russia develops ‘grenade launcher-propelled’ reconnaissance droneMilitary & Defense March 23, 19:58
Ukraine forbids Russian Eurovision contestant to perform via satelliteWorld March 23, 19:35
Jehovah’s Witnesses in Russia suspended over extremismSociety & Culture March 23, 19:00
MOSCOW, February 07. /ITAR-TASS/. Economic growth slowed sharply last year, say preliminary figures from the Federal State Statistics Service. Gross domestic product fell to 1.3% against 3.4% in 2012. Deceleration reflected slack dynamics in industrial production, wholesale and retail activity, construction, real estate, and the impact of food taxes.
In the first two quarters, GDP added 0.2% and 0.1% less seasonal factors respectively, while in the third quarter it declined 0.2% to resume quarter-on-quarter growth in the fourth. Adjusted for seasonal fluctuations, GDP rose 0.3% in the last quarter of 2013.
Growth ceased in December after a two-month consecutive month-on-month increase of 0.3% in October and 0.1% in November when manufacturing, mineral resources and retail made a positive contribution, reports the Ministry of Economic Development.
Generation and distribution of electricity, gas and water, construction, paid services, agriculture and net taxes on food and imports dragged on it, the figures show.
Reflecting data on food and import taxes, the ministry adjusted its estimates of year-on-year GDP growth downwards in October from 1.7% to 1.5%, upwards in November from 1.0% to 1.8% and returning to a forecast 1.0% year-on-year in December.
Slackening reflected deeper decline in construction, generation and distribution of electricity, gas and water, and a slowing in agriculture, the retail sector and paid services.