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Russia's GDP continues 5-month rising streak
RBC, 24.11.2009, Moscow 11:06:30.From January through October 2009, Russia's GDP shrank 9.6 percent compared to the same figure for the previous year, acting director of the Economy Ministry's macroeconomic forecasting department Oleg Zasov told journalists today. Year on year, GDP slid 8.1 percent in October, but rose 0.3 percent against September 2008, continuing its five-month rising streak. The Economy Ministry attributes October's GDP growth mainly to agriculture and the construction industry. Agriculture has been expanding for two months on end at a high rate thanks to warm weather in October, Zasov noted. The construction industry, in turn, improved 2 percent against September, after seasonal adjustments, as more residential properties were commissioned than had initially been expected.
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