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Russia ranks highest for GDP growth

February 14, 2008 | RBC

Russia ranked first among industrialized economies in terms of GDP growth, with 7.6 percent in the third quarter of 2007, the Russian Federal State Statistics Service (Rosstat) said in a statement. Therefore, Russia has topped such countries as Germany with 2.4 percent, Italy with 1.9 percent, Canada with 2.9 percent, Great Britain with 3.3 percent, the US with 2.8 percent, France with 2.2. percent, and Japan with 2 percent, by GDP growth.

Russia was also in first place in terms of inflation in December 2007, with 11.9 percent, and annual industrial output growth (6.3 percent), while ranking fifth in terms of its unemployment rate (5.7 percent of the economically active population).

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