SP: In 2009, Russia's GDP will drop by 8% and increase by 2% in 2010

Projected Standard Poor's, in 2009, real GDP growth in Russia will decrease by 8% and increase by 2% in 2010. Russia's budget deficit next year will amount to 8,5%, believed to Standard Poor's.

We anticipate that next year's budget deficit will amount to almost 8,5%, given the plans to further enhance the benefits, unless oil prices to stabilize at a level above $ 65 a barrel. - reads out in Report Standard Poor's forecast of the European economy: economic growth in Russia is still in short supply.

Ministry of Economic Development up to 2009 predicts drop in GDP of 8,5%. It is reported that the Ministry has improved the outlook for Russia's economy in 2010 - 2012 years. Thus, in 2010, expected GDP growth of 1,6% (according to the budget version of the economy), while in July, the Ministry announces forecast for GDP growth of 1%. The decline in industrial production on the basis of the current year will amount to 12,4% against the expected decline in the earlier 12.5%. In 2010, according to a new forecast to grow by 1,4%.

According to Vice-Premier and Finance Minister Alexei Kudrin, Russia's mass media that transmit, Russia's economy began to emerge from the crisis. Minister fnansov believes that public financing of the economy can not increase, because currently it is at a sufficient level.

The rate of economic growth in Russia is slowing down in the middle of last year and achieved significant negative values in the 1 st quarter of 2009, the report says S P. In December 2008, the price of oil fell nearly $ 40 per barrel. from a peak of $ 150 per barrel. in July 2008, metals prices also fell. In this global credit crisis narrowed for Russia the possibility of obtaining external debt financing, significantly complicating Russia's banks to refinance its own debt.
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European stock markets declined on the basis of trading Monday after the stock exchanges in China and the U.S.
The sharp drop to the level of the minimum monthly level of the world oil market yesterday
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