Russia's third-quarter growth slows to 2.7 percent: official

12th November 2010, Comments 0 comments

Russian growth slowed to 2.7 percent in the third quarter of the year, the Federal State Statistics Service said on Friday, in line with analysts' expectations of poorer second-half performance.

The year-on-year rise in gross domestic product (GDP) was down from a 5.2-percent jump recorded in the second three-month span of 2010.

The Federal State Statistics Service report was preliminary and could be revised at a later date.

Earlier this month, the World Bank cut Russia's annual growth outlook from 4.5 percent to 4.2 percent because of volatile capital flows and oil price uncertainties.

© 2010 AFP

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