BOFIT Forecast for Russia 2008-2010

The growth forecast for Russia for 2008 2010 has been revised slightly upwards in response to higher oil prices. Economic growth is expected to remain close to 8% this year and to slow to just over 6% by 2010. Both consumption and investment demand will grow rapidly, but economic growth will gradually moderate as the price of oil stabilises and capacity constraints press harder. Imports will continue to grow much faster than exports