Russia may build new fast fission nuclear reactor within 10 yearsScience & Space June 27, 9:25
Moscow theater to present Il Trovatore with audio description for visually impairedSociety & Culture June 27, 9:04
Lavrov, Tillerson discuss Syrian crisisRussian Politics & Diplomacy June 27, 8:50
Sistema reports arrest of its stakes in MTS, Medsi, BES as part of dispute with RosneftBusiness & Economy June 26, 20:58
Russian submarine successfully test-fires Bulava intercontinental missileMilitary & Defense June 26, 19:20
Rosneft and RBC reach friendly settlement on defamation lawsuitBusiness & Economy June 26, 18:50
Number of centers issuing FAN IDs to be increased ahead of FIFA Confederations Cup FinalSport June 26, 18:33
News about anti-doping probe against Russian football team players is fake — executiveSport June 26, 18:25
Putin refers to State Duma Council of Europe convention against financing terrorismRussian Politics & Diplomacy June 26, 18:15
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.