Russia eyes faster growth, higher oil prices

Posted by 7Star Thursday, December 3, 2009

Russia's economy is likely to grow faster than previously expected in coming years as higher oil prices speed up its return to pre-crisis levels, deputy economy minister Andrei Klepach told a banking conference in London. Gross domestic product could grow by 3.1 percent in 2010 against a previously forecast 1.6 percent, while 2011 could see an increase of 3.4 percent.

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