Russia's growth slows to 1.2% in second quarter

GMT 12:21 2013 Friday ,09 August

Arab Today, arab today Russia\'s growth slows to 1.2% in second quarter

Moscow - AFP

Russia's economic growth slowed to 1.2 percent in the second quarter from 1.6 percent in the first three months of 2013, a first official estimate showed on Friday. The first official growth reading from the Federal State Statistics Service also came in below an earlier economic ministry forecast of 1.9-percent expansion and will raise pressure on the central bank to cut interest rates in the coming months to come.

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