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ECONOMIC DEVELOPMENT MINISTRY REDUCES 2005 GDP GROWTH FORECAST FROM 6.5% TO 5.8% - GREF

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KRASNODAR, May 27 (RIA Novosti) - The Russian Economic Development and Trade Ministry reduced the 2005 GDP growth forecast from 6.5% to 5.8%, minister German Gref said on Friday. According to him, the 2005 inflation forecast (10%) remained unchanged. On Friday night, the ministry will submit the specified forecast of Russia's socio-economic development for 2005 and the middle-term prospect to the government, Gref added.

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