Russia's GDP rises 4 percent

Russia's GDP grew about 4% year-on-year in January-August, Economic Development Minister Andrey Belousov told reporters on the sidelines of the International Investment Forum Sochi 2012. Seasonally adjusted GDP rose 0.1% in August compared to July, he added.

The Economic Development Ministry earlier revised up its full-year GDP growth forecast to 3.5% from 3.4%.

Source: http://rbcnews.com/