German Gref

Russia Raises 2006 Growth Forecast

US Trade Representative Susan Schwab (L) and Russian Trade and Economic Development Minister German Gref (R) shake hands after signing a bilateral agreement that paves the way for Moscow to join the World Trade Organization (WTO)

Russia’s Economy Ministry increased its forecast for 2006 economic growth to 6.8 percent, faster than its initial forecast for 6.6 percent, citing rapid expansions in consumer and investment spending, according to Bloomberg reports.

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December 5, 2006
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