The Economic Development and Trade Ministry has submitted its updated forecast to the Finance Ministry, based on a lower oil price.
According to the forecast, in 2007 GDP will grow 6% and inflation will be 6.5-8%.
The national currency's rate will be 26.4 rubles to the dollar in 2006, and 26.2 rubles to the dollar in 2007, the forecast said.
At the same time, the economics ministry lowered its original forecast for 2006 industrial output growth by 0.1 percentage point.
"The updated forecast for 2006 is 4.6%, compared to the original estimate of 4.7%," the ministry said.
The ministry said its updated forecast for the country's major macro-economic indices in 2006 was based on a lower price for the Urals crude blend.
"In January-November, the average price of Urals crude was $61.3 per barrel, and is expected at a level close to $60 per barrel," the ministry said.
