Rebound in Russia economy forecast to slow down

Moscow

AN acceleration in economic growth that followed Russia's worst recession this century probably ended after three quarters despite a bull market rally in oil, its chief export.

After getting a short-lived boost from inventory restocking, the economy of the world's biggest energy exporter added an annual 2 per cent in the third quarter, down from 2.5 percent in the previous three months, according to the median of 18 forecasts in a Bloomberg survey. The Economy Ministry estimates output increased 2.2 per cent in the period, putting it close to the central bank's view.