Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

France's Plan to Tackle Racism

Read more

THE WORLD THIS WEEK

Marine Le Pen and Thomas Piketty in Time magazine's power list; EU takes on Google; Gunter Grass dies (part 2)

Read more

THE WORLD THIS WEEK

Deadly Crossing: Migrants desperate to reach Europe; Abadi in Washington (part 1)

Read more

EYE ON AFRICA

Xenophobic attacks in South Africa: anti-violence marches and anti immigration protest

Read more

FRANCE IN FOCUS

French PM outlines action plan against racism, anti-Semitism

Read more

REPORTERS

Turkey’s hidden Armenians search for stolen identity

Read more

REVISITED

Families of slain Marikana miners still demanding justice

Read more

#TECH 24

Europe vs. Google: EU accuses search giant of market dominance abuse

Read more

#THE 51%

Women in America: Land of the free, home to the less-paid

Read more

Business

Moscow expects sharp fall in industrial output

Latest update : 2009-03-18

The Russian government forecasts a 7.4% fall in the country's industrial output in 2009, with metal production estimated as taking the biggest hit. Last year, industrial output grew by 2.1%.

AFP - Russian industrial production is forecast to plunge 7.4 percent in 2009 after falling 13.2 percent in February alone on a 12-month comparison, the government said on its website on Wednesday.
  
Metal production, building materials and machinery would be hardest hit, it said.
  
Industrial output grew by a sluggish 2.1 percent in 2008, slowing sharply from 6.3 percent the previous year, according to the federal statistics agency Rosstat.
  
In January this year it fell by a massive 16 percent compared to the same month a year ago, the sharpest decline in 15 years, the government said.
  
Wednesday's statement came on the eve of a government meeting to review economic forecasts for this year.

Date created : 2009-03-18

COMMENT(S)