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  Tuesday, December 10, 2019
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The Russian Economic Development and Trade Ministry has slightly increased its GDP forecast for 2007
The Russian Economic Development and Trade Ministry has slightly increased its GDP forecast for 2007 and lowered the upper ceiling for inflation in 2009-2010, the ministry's official told a briefing Monday. Gennady Kuranov, deputy director of the ministry's macroeconomic forecasts department, said the GDP growth rate would be 6.2%, up 0.1% against the previous forecast. In line with the government's decision to slow down inflation in the mid term, the economic development ministry lowered the upper ceiling for inflation in 2009-2010 from 6.8% to 6.5% and from 6.5% to 6% respectively. The government now has new inflation goals of 5.5%-6% in 2009 and 5%-6% in 2010. The lower inflation forecast followed an adjustment of the price index and deflators on trade and consumer services, Kuranov said. The 2007 inflation forecast has remained within 7%-8%, and the forecast for ruble strengthening and industrial growth has also remained unchanged, the ministry's official said.
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