[lbo-talk] Russia leads G8 nations in GDP growth

Chris Doss lookoverhere1 at yahoo.com
Tue Nov 29 08:34:04 PST 2005


Russia leads G8 nations in GDP growth

MOSCOW, November 29 (RIA Novosti) - Russia saw real year-on-year GDP growth of 6.1% in the second quarter of 2005, the Federal Statistics Service said Tuesday.

In its report, the service quoted data from the International Monetary Fund, the Organization for Economic Cooperation and Development, and national statistics services.

During the period, Britain experienced the growth of 1.5%, Germany 1.6%, Italy 0.1%, Canada 2.7%, the United States 3.6%, France 1.1%, and Japan 2.3%.

In January-September, Russia's industrial output swelled by 4% year-on-year.

British industrial output growth was at 0.6%, 2.2% in Germany, 3.1% in Canada, the 2.6% in the United States, 0.8% in France, and 0.6% in Japan. Italy saw its industrial output decline by 1.8%.

Consumer spending in Russia is also growing rapidly. In the second quarter of 2005, spending on household goods (in nominal prices) was up 13%, compared to 4.3% in Britain, 0% in Germany, 1.2% in Italy, 4.1% in Canada, 3.4% in the United States, 1.6% in France, and 1.5% in Japan.

Nu, zayats, pogodi!

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