Source Pravda.Ru

Russia's economic performance improves

The Russian government has noted the improvement of the country's economic performance.

2004 inflation will not surpass 10%, acting Vice-Premier Alexander Zhukov said at a meeting between the cabinet members and the president on Monday.

"Russia is, thus far, meeting the forecasts for 2004: price advance is unlikely to surpass 10%," said Mr Zhukov.

Within January-April, industrial output grew 7.4% compared to the same period in 2003, according to Mr Zhukov.

Machine-building and metal-working industries have grown the most dramatically - 15%. The building materials sector grew 10%, the food industry - 8%, the chemical and petrochemical industry - by 10%.

"The growth structure is not due to high oil prices," emphasized Mr Zhukov. Growth was noticeable in industries envisaging a high degree of processing.

Consumer prices over January-April grew 4.6%, Mr Zhukov said citing the figure for the same period last year - 6.2%.

"These set adequate conditions for further economic growth," said the acting vice-premier.

Economic growth somewhat slowed down in March but resumed later. April's growth into March constituted 0.7%-0.8%.

Industrial output went up 6.7% over the first four months of 2003, said Mr Zhukov.

Population's incomes increased 12.2% within January-April, while investment increased 12.6% against the similar period in 2003, according to Mr Zhukov.

Comments
Sheep disrupt the work of US missile defences in Romania
Sheep disrupt the work of US missile defences in Romania
Russian Guard to see enemies behind walls
Russia starts shipping S-400 air defence systems to China
German experts name Russia's most dangerous weapon
Interview with Andre Vltchek for Farhikhtegan newspaper in Iran
Russian army receives giant modernised nuclear mortars
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
A Europe without roots now also demolishes churches
US diplomat makes fool of himself in the Netherlands
US diplomat makes fool of himself in the Netherlands
US diplomat makes fool of himself in the Netherlands
Three scenarios of new super sanctions against Russia published
Three scenarios of new super sanctions against Russia published
Three scenarios of new super sanctions against Russia published
Putin's power shakes US Congress
Brigitte Bardot accuses Hollywood actresses of hypocrisy
Russia starts shipping S-400 air defence systems to China
Russia starts shipping S-400 air defence systems to China
A Europe without roots now also demolishes churches
A Europe without roots now also demolishes churches