17 Jun 2011 16:21

CORRECTED: Russian seasonally adjusted GDP growth 0.4% in May -Nabiullina

(growth changed to 0.4% from 0.1%, second paragraph removed from original version)

ST.PETERSBURG. June 17 (Interfax) - Russian GDP grew 0.4% on a seasonally adjusted basis in May, Economic Development Minister Elvira Nabiullina told reporters.

She said this sort of growth while oil prices are high was concerning, but that the modest growth tendency would probably persist in the coming months.

This year's forecast GDP growth is still 4.2%, she said.