Russia's gross domestic product is expected to grow 3-6% annually from 2011, President Dmitry Medvedev said on Monday, citing a government forecast on the country's social and economic development.

"The economic forecast prepared by the government allows us to expect relatively steady gross domestic product growth. We hope and expect it to be at the level of 3-6% annually," Medvedev said.

The forecast being discussed at the government meeting will be the cornerstone for preparation of the federal budget for 2011 and for 2012-2013. After the economic forecast parameters prepared by the Economic Development Ministry are approved by the government, they will lay the basis for the country's budget.

The forecast of the country's social and economic development in the next three years envisages economic growth based on a relatively favorable situation on global raw material and capital markets, which will contribute to quick inventory recovery and stimulate consumer demand.

GORKI, May 24 (RIA Novosti)