Industrial production growth is the first quarter of 2007 expected at 7.3%
Economics Ministry`s forecast
The industrial production growth in the first quarter of the year 2007 is expected to make up 7.3%, compared to the first quarter of 2006.
This information was posted at the Economics Ministry web site today.
Experts believe the growth of machine-building and the food industry will be deciding for the first quarter. According to expert assessments, up to 50% of the total industrial production growth will fall on these branches.
The Economics Ministry believes that the natural gas price will remain one of the decisive factors, influencing the effectiveness of companies’ industrial activities.
Despite the fact that experts does not see any prerequisites for a shocking influence of the gas price on the country’s economics, they forecast an eventual worsening of the financial state of some economic objects, along with a reduction of profitability.