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Russia’s GDP up 8% in Q1

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MOSCOW, Russia (May 4) -Russia’s GDP grew 8 percent in January-March 2004 compared to the same period last year, according to the Economy Ministry of the Russian Federation. In March 2004, the GDP grew 7.5 percent compared to March 2003. In February, the GDP growth was 8.7 percent, and in January – 7.9 percent. In […]

MOSCOW, Russia (May 4) -Russia’s GDP grew 8 percent in January-March 2004 compared to the same period last year, according to the Economy Ministry of the Russian Federation. In March 2004, the GDP grew 7.5 percent compared to March 2003. In February, the GDP growth was 8.7 percent, and in January – 7.9 percent.
In the first quarter of 2003, the GDP grew 7.5 percent compared to the corresponding period in the previous year. Real disposable incomes increased 13.9 percent, and real wages rose 15.8 percent in January-March 2004 compared to the corresponding a year earlier, according to preliminary estimates. The ruble strengthened against the US dollar by 5.2 percent in real terms in the first quarter of 2004, and it strengthened by 6 percent against the euro.

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