MOSCOW, Oct. 6 (Xinhua) -- Russia's economic growth will be 4.0 percent in 2010 and 4.3 percent in 2011, according to the latest International Monetary Fund report published on Wednesday.
Thus, the IMF has lowered its forecast for Russia’s growth by 0. 3 percentage points for 2010, but increased it by 0.2 percentage points for 2011, the RIA Novosti news agency reported.
Russia’s own estimation of the economic growth for 2010 is 4.0 percent. However, the Russian Ministry for Economic Development indicated it was also possible that this year’s growth stands at only 3.5 percent, due to this summer’s abnormal drought, industrial stagnation and low investment activities.
Inflation in Russia will reach 6.6 percent in 2010 and 7.4 percent in 2011, according to the IMF.
The IMF also forecast that the unemployment rate will drop to 7. 5 percent in Russia this year and further decrease to 7.3 percent in 2011. In 2009, unemployment in Russia reached 8.4 percent.
