ST. PETERSBURG, June 6 (RIA Novosti) - GDP growth in Russia in 2010 could reach 1.2-1.3%, a deputy finance minister said on Saturday on the sidelines of the St. Petersburg International Economic Forum.
"We estimate GDP growth in 2010 to be from 0-1%. Perhaps, 1.2-1.3%," Andrei Klepach told journalists.
Long-term growth, he said, would depend on how effective the process of reconstructing the Russian economy was, as companies are likely to increase their investment, but cautioned "we are unlikely to see growth rates of 4-5% in the next 10 years."
"Stagnation or slow growth of 1-2% per year is expected," said Klepach.
