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Russia: Feedstock Fires Petchem Growth

3:16 PM MST | January 9, 2012 | Natasha Alperowicz

The International Monetary Fund forecasts that the eurozone debt crisis will slow Russia’s GDP growth, to 3.5% in 2012 compared with an earlier prediction of 4.1%. The European Bank for Reconstruction and Development (EBRD; London) last October cut its 2012 GDP growth forecast for Russia to 4.2% against a July prediction of 4.7%. Overall economic growth in Russia will remain “reasonably strong” particularly in the run-up to the 2012 presidential elections, EBRD says. ACC forecasts that Russia’s GDP will increase 4% in 2012 with industrial...

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