MOSCOW, Nov. 13 - Russia's Gross Domestic Product (GDP) may see a 3-to-3.5-percent growth should the oil price be stabilized at 70 U.S. dollars per barrel, said a Russian official on Friday.
Deputy Economic Development and Trade Minister Andrei Klepach was cited by local TV Vesti as making such predictions.
The latest report from the World Bank said Russian economy might be slightly animated after the second quarter of this year, given the influence from the international demand, the reinvigoration of the global financial system and the surge of oil prices.
The report also envisioned that Russia's GDP may decline 8.7 percent this year as compared with last year, while gaining 3.2 percent next year.
Russian President Medvedev previously estimated that the GDP may fall 7.5 percent. Klepach also voiced confidence earlier that Russian economy might retain its pre-crisis level in 2012.
Deputy Economic Development and Trade Minister Andrei Klepach was cited by local TV Vesti as making such predictions.
The latest report from the World Bank said Russian economy might be slightly animated after the second quarter of this year, given the influence from the international demand, the reinvigoration of the global financial system and the surge of oil prices.
The report also envisioned that Russia's GDP may decline 8.7 percent this year as compared with last year, while gaining 3.2 percent next year.
Russian President Medvedev previously estimated that the GDP may fall 7.5 percent. Klepach also voiced confidence earlier that Russian economy might retain its pre-crisis level in 2012.
