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URGENT: OECD forecasts macroeconomic slowdown in Russia

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PARIS, November 29 (RIA Novosti, Andrei Nizamutdinov)-Russia's economic growth slowed in 2005 and will continue to do for the next two years despite an unprecedented balance of payments, a leading rights association said Tuesday.

The Organization for Economic Cooperation and Development said that GDP growth in Russia would stand at 6.1% at the end of this year, 5.7% in 2006 and 5.3% in 2007.

According to the organization, annual inflation this year will be 11.3%, falling to 10.7% in 2006 and 10% in 2007.

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