Wed, 04 Dec 2013 09:40:05 GMT
Russia slashes its GDP forecast for 2013
Growth forecast of Russian Federation or this year was slashed by the Economy Ministry amid decline in consumer demand and weaker investments, a report released by local news agencies revealed on Tuesday. According to the report, Russia's gross domestic product was set to grow 1.4% in 2013, while it was initially forecast to expand 1.8%.