6.0% GDP Forecast
The government expects the economy to grow by 6.0 percent this year, Interfax reported, citing Economic Development and Trade Minister German Gref.
Gref also said the government had earlier raised its 2005 economic growth forecast to 5.9 percent from 5.6 percent, Interfax reported.
Russian industrial output rose 0.8 percent in July, putting the annual growth rate at 4.9 percent, Gref said.
Russia"s economic growth accelerated in the first half to 5.6 percent as crude oil prices rose to a record, Gref said in June.
Increased manufacturing, led by machinery output, helped lift growth from 5 percent in the first quarter.
Gref also said the government had earlier raised its 2005 economic growth forecast to 5.9 percent from 5.6 percent, Interfax reported.
Russian industrial output rose 0.8 percent in July, putting the annual growth rate at 4.9 percent, Gref said.
Russia"s economic growth accelerated in the first half to 5.6 percent as crude oil prices rose to a record, Gref said in June.
Increased manufacturing, led by machinery output, helped lift growth from 5 percent in the first quarter.