Russia expects 7.1 percent GDP growth in 2008
The Russian gross domestic product may grow by 7.1 percent or more this year, Deputy Prime Minister and Finance Minister Alexei Kudrin said this week.
Speaking at the conference Modernization of the Economy and Globalization this week, Mr Kudrin said that Russian GDP was up by 7.8 percent the first two months of the year, while industrial production was up six percent in the period, Itar-Tass reports with reference to Prime-Tass. -The active growth of investments, which began last year, is another indicator the economy is developing, he said. -However, in order to preserve and enhance macroeconomic stability market economy institutions are to be developed, Kudrin said.
