SOURCE: Industrial Info Resources

October 04, 2007 05:01 ET

Resources, Assets Have Russia Looking at 2008 With Confidence, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - October 4, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- It could have something to do with elections coming up, but there has been a flurry of upward revisions on Russian government forecasts for the country's GDP growth rate in 2007. From a range averaging around 6.5% plus from international forecasting bodies and the Russian government during the course of 2007, the Russian Ministry of Economic Development and Trade predicts the rate to grow 7.3% this year. Annualized growth in the first seven months of the year hit 7.9%.

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