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Russia Econ Min: No Plans to Change 2012, 2013 GDP Forecasts

Date : 11/30/2012 @ 4:37PM
Source : Dow Jones News

Russia Econ Min: No Plans to Change 2012, 2013 GDP Forecasts

By Andrey Ostroukh

MOSCOW--Russia's economy ministry is not planning to revise its 2012 and 2013 economic growth forecasts, economics minister Andrei Belousov said Friday.

"We don't yet have reasons to revise" the growth domestic product growth forecast, Mr. Belousov told reporters, adding that a planned revision of forecasts is scheduled for December.

The ministry currently expects GDP to grow 3.5% this year and to expand 3.7% next year.

Earlier this month, the government said it was planning to cut its 2012 industrial output forecast to 3% from 3.6%.

Write to Andrey Ostroukh at andrey.ostroukh@dowjones.com



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