MOSCOW, September 8 (RIA Novosti) - Russian midterm macroeconomic performance forecasts suggest the government's target of doubling GDP will be impossible to meet in 10- years' time, the Audit Chamber said in a report Friday.
The forecasts, taken as a basis for Russia's 2007 draft budget, make the reduction of inflation to 3% equally unrealistic, the agency said, adding that even the top limit of 8% would be hard to sustain.
Last month, Deputy Prime Minister Alexander Zhukov said the government had not given up on its plan to double GDP within a decade, and was investing heavily in high technologies to boost growth.
"In the past few years, we have been growing 7% per year, on average, and our forecast for the three years ahead is around 6%," he said.
