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Govt. raises 2006 GDP growth forecast from 6% to 6.1%

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MOSCOW, May 29 (RIA Novosti) - The Russian government has raised its predicted GDP growth for 2006 a tenth of a percentage point to 6.1%, an Economics Ministry official said Monday.

"Under the basic scenario adopted for the budget, GDP will grow 6.1% in 2006," Andrei Klepach said.

He said the government's budget planning commission had approved a scenario earlier in the day that envisions lower GDP figures in 2007-09 than expected. Under the forecast, GDP growth will be 5.7% in 2007, 5.6% in 2008, and 5.7% in 2009.

Klepach also said inflation in the country had been 0.3% in the first 20 days of May. He said monthly inflation in consumer prices would be 0.4%-0.5%, and 5.8%-5.9% in the first five months of 2006.

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