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To: bentway who wrote (407773)8/18/2008 2:46:20 PM
From: tejek  Respond to of 1573898
 
Certainly, mining is a big deal in Russia but industrial production has grown in recent years.

Russian industrial production growth to accelerate in 2007

11/24/06 - Alfa Bank

LONDON, November 24 (newratings.com) – Analysts at Alfa Bank expect Russia’s industrial production growth to accelerate in 2007, driven by investment growth.

In a research note published this morning, the analysts mention that there is expected to be a six-twelve month time lag between the acceleration in investment growth and a resultant increase in industrial output. The industrial production growth estimate for 2007 has been raised from 4.3% to 5.0%, which is likely to lend support to the GDP growth of 7.0%, the analysts add. Russia’s investment growth is likely to reach the 13.7% level in 2006, driven by the easing of the VAT regime in construction and the elimination of import duties on high-tech equipment, Alfa Bank says.

newratings.com