MOSCOW: Russia's Economy Ministry has cut its 2013 gross domestic product growth forecast to 2.4 percent from a previous 3.6 percent, the news agency Interfax cited Deputy Economy Minister Andrei Klepach as saying.
The new forecast comes after the Russian economy performed poorly in the first quarter, expanding only by an estimated 1 percent. The Economy Ministry's forecasts form the basis for the government's fiscal planning.
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