If oil prices remain stable, Russia is likely to post economic growth next year of betwen 4% and 5%, Arkady Dvorkovich, a senior economic advisor to President Dimitry Medvedev said on Nov. 7.
The International Monetary Fund on Nov. 6 lowered its 2009 forecast for Russian growth to 3.5% from the 5.5% projection made on October 8.
Dvorkovich said that if "oil prices fell sharply, by half their present level for example, which in theory can't be ruled out, then I think the IMF figures are possible."
Copyright Agence France-Presse, 2008
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.