MOSCOW, August 17 (RIA Novosti) - Russia's government approved Thursday the country's economic forecast for 2007 and forecast parameters until 2009.
According to the forecast prepared by the Economic Development and Trade Ministry, GDP growth is projected at 6% in 2007, 5.8% in 2008 and 5.9% in 2009.
Inflation is expected to be 6.5%-8% in 2007, 4.5%-6% in 2008 and 4%-5.5% in 2009.
Industrial output is projected to grow 4.2% in 2007, 4.5% in 2008 and 4.7% in 2009.
Household real disposable money incomes are expected to rise 10.2% in 2007, 8.9% in 2008 and 8.2% in 2009, and real wages will grow 11%, 8.6% and 7.4% respectively.
The forecast was prepared on the basis of projected average annual prices for Urals crude at $61 per barrel in 2007, $54 in 2008 and $48 in 2009.
Urals crude is currently trading at $68 per barrel.
