Russian Industrial Output Forecast to Fall 7.4% in 2009
After falling 13.2% in February, Russian industrial production is forecast to plunge 7.4% in 2009, the government said on March 18.
Metal production, building materials and machinery would be hardest hit.
Industrial output grew by a sluggish 2.1% in 2008, slowing sharply from 6.3% the previous year, according to the federal statistics agency Rosstat.
In January this year it fell by a massive 16% compared to the same month a year ago, the sharpest decline in 15 years.
Copyright Agence France-Presse, 2009
About the Author
Agence France-Presse
Copyright Agence France-Presse, 2002-2025. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.