11 Aug 2011 12:06

Russian GDP growth slows to 3.4% in Q2 - Rosstat

MOSCOW. Aug 11 (Interfax) - Russian GDP grew an estimated 3.4% year-on-year in Q2 2011, compared with 4.1% growth in Q1, the Federal State Statistics Service (Rosstat) said.

This is below the Russian Economic Development Ministry's preliminary forecast of 3.7% growth for Q2.

Rosstat did not say what growth for the first half of 2011 was, but this was an estimated 3.8%, judging by the Q1 and Q2 figures. The Econ Ministry forecast 3.9% growth.