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    GDP growth 6.3% in 11M05 - Economic Ministry

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    MOSCOW, December 21 (RIA Novosti) - Russia's GDP growth was 6.3% during January-November 2005, the Economic Development and Trade Ministry said Wednesday.

    For the same period last year, GDP growth was 7.2%, the ministry said.

    If the price of Urals crude had stayed at last year's level ($34.4 per barrel), GDP would have grown by 5-5.3% year-on-year in 2005, the statement said.

    The rise in oil prices to the current record high of $50.8 added 1.5-2 percentage points to the economy's annual growth.

    According to amended ministry figures, 2005 GDP growth will reach 6.4%, inflation will total 11-11.2% and the increase in industrial output will be 4.1%.

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