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World Bank lowers Russia's GDP growth forecast to 4.2%

3-Nov-2010 12:12 PM

The World Bank announced it has lowered its forecast for Russia's 2010 GDP growth to 4.2% from 4.5% due to a slower-than-expected recovery in the 1Q2010 and remaining downside risks to global economic recovery (RIA Novosti, 02-Nov-2010).