Econ Ministry adjusts 2011 GDP growth forecast slightly down to 3.4%
MOSCOW. June 2 (Interfax) - Russia's Economic Development Ministry has slightly adjusted downward its forecast for GDP growth in 2011 to 3.4% from the 3.5% it was predicting in April, a government source told reporters citing forecast materials for 2010-2013 prepared by the ministry for a June 3 government presidium session.
The ministry left unchanged its forecast for GDP growth in 2012 (3.5%) and 2013 (4.2%).
The Economic Development Ministry projects industrial output will grow 3.2% in 2011, 3.1% in 2012, and 4.2% in 2013, having adjusted these forecasts by 0.1 of a percentage point for 2012 and 0.2 of a percentage point for 2012. It left the forecast for 2013 unchanged.
Also unadjusted are the ministry's forecasts pertaining to growth of investment in fixed capital: 8.8% in 2011, 6.3% in 2012, and 8.1% in 2013.