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  Monday, December 9, 2019
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The tempo of growth of Russia’s gross domestic product could slow down to 5.5-6 percent in 2005 and 5.2 percent in 2006
Minister of Economic Development and Trade German Gref said it at a government meeting on Thursday. He explained that this could occur because of a “fall of the economic growth tempo at the beginning of the year by one and a half times”. “Key factors in the positive turning point of the conjuncture are growth of investment potential, giving an investment direction to our economy, as well as trust in the dialogue between business and power,” Gref said. He stressed the “matter of forming innovative sources of development is critical for Russia’s position in the world”. “We need to very precisely find an optimal model that would allow solving the set tasks. This is not science, this is art, and missing the target will lead to either a slowdown of the economic growth tempo or a surge of circumstances that we shall be unable to meet.” Gref said “hot heads are proposing to us in this connection to come to a deficit budget”. “This is economic extremism,” he warned
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