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Post by bot on Nov 15, 2011 3:11:58 GMT -5
Russian economy grows 4.8% in third quarter from MarketWatch.com - MarketPulse LONDON (MarketWatch) -- Russia's gross domestic product rose 4.8% in the third quarter on an annual basis, according to data released on Monday. The figure was below consensus expectations of 5% growth and below the 5.1% growth estimate of the Russian economy ministry, according to Ivan Tchakarov, chief economist for Russia and the CIS at Renaissance Capital in Moscow. He expects a more pronounced slowdown in Russian growth in the first half of 2012 "on the assumption of a mild euro-zone recession and the distinct possibility of a significant slowdown (or even a mild recession) in the U.S."
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