By IANS,
Moscow : Russia’s gross domestic product (GDP) will grow by 3.8 percent and 4.2 percent in 2012 and 2013 respectively, the World Bank said Wednesday.
Both forecasts, carried in the bank’s newly released Global Economic Prospect report, are 0.3 percentage point higher than the calculations it published in March.
The report attributed the upward revision to high oil prices, but meanwhile warned that weak production capabilities could limit the country’s growth, Xinhua reported.
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