OECD Economic Outlook, Volume 2007 Issue 1
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Russian Federation
Real GDP growth in 2007 is likely to remain close to the levels of 2005–06, before moderating in 2008 as the impulse from recent terms-of-trade improvements dissipates. Growth will still be primarily consumption-driven, but the contribution of fixed investment to growth should increase. Inflation is likely to fall further, owing mainly to shrinking external surpluses, further de-dollarisation and slower growth of utilities tariffs and other regulated prices.
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