GDP in the first quarter of 2004 compared to December of 2003 grew by 0.7%, and relative to the analogous period last year, by 8%

Wednesday, February 19, 2020

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GDP in the first quarter of 2004 compared to December of 2003 grew by 0.7%, and relative to the analogous period last year, by 8%, according to the head of the Economic Development Ministry, German Gref. Gref announced the figures in a report to Russian President Vladimit Putin Monday. Real incomes, he noted, grew 13.9% in a year. At the same time, Gref said that the industrial growth rate for March as compared to February was 0%, whereas the GDP has continued to grow. According to Gref, the momentum of growth in GDP has continued, despite light industry, ferrous metallurgy, automobile construction and the forest industry have experienced a fall. Addressing investments, Gref said that in January and February the volume of investments in the Russian economy dropped, but in March rose by 0.5%. However, for the quarter as a whole the drop amounted to 1.9%.

Bookmark GDP in the first quarter of 2004 compared to December of 2003 grew by 0.7%, and relative to the analogous period last year, by 8%