Russia's gross domestic product will expand 4.2-4.3 percent in 2011, Prime Minister Vladimir Putin said on Monday.
"GDP growth will exceed four percent," Putin said at a regional meeting of the ruling United Russia party, which he heads. "This means that by the beginning of 2012 our economy will fully compensate the crisis decline. (A growth of) 4.2-4.3 percent is not bad, but we should aim for a better result."
The Economic Development Ministry cut the 2011 economic growth forecast to 4.1 percent from 4.2 percent due to a slow growth in the first half of the year.
The ministry also raised the 2012 forecast to 3.7 percent from 3.5 percent, cut the 2013 forecast to 4 percent from 4.2 percent and left figures for 2014 unchanged at 4.6 percent.
