Source Pravda.Ru

Russia's GDP growth in May totalled 7.8 per cent

Russia's GDP growth in May reached 7.8 per cent, the monitoring of Russia's social and economic development placed on the official site of the Russian Ministry for Economic Development and Trade reads.

The GDP growth since the beginning of 2003 has amounted to 7.1 per cent compared with the same period of 2002.

This year the Ministry of Economic Development and Trade forecasts that the 2003 GDP growth will reach 5.4 per cent.

The volume of industrial production in Russia grew in May by 8.5 per cent. The pace of the production growth in the first five months of 2003 amounted to 6.7 per cent.

Investment increase in May equalled 14.7 per cent, while since the beginning of the year it has made 11.8 per cent, the monitoring points out.

The inflation rate in May made up 0.8 per cent against 1.7 per cent last May. Five months' growth of prices is estimated at 7.1 per cent compared with 8.4 per cent in the same period of 2002.

More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?

Venezuela may expect another Panama scenario from 1989
Comments
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Russian stock market, national currency collapse because of US sanctions
Russian stock market, national currency collapse because of US sanctions
Russians massively break traffic rules on Crimea Bridge
Putin’s spokesman: Total blockade of Russia impossible
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Foreign Ministry official explains why Russia had to sell Alaska to US
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Attempts to blame Russia for MH17 disaster continue zealously