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    GDP GROWTH IN RUSSIA IN JANUARY 2004 TOTALED 8%

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    MOSCOW, February 26 (RIA Novosti) - By the estimate of the Russian economic development and trade ministry, the growth of the GDP in January 2004 totaled 7.9%. These data are contained in the ministry's review of the current situation in the Russian economy published on Thursday.

    In January 2003, this indicator stood at 6%.

    The review notes that in January this year "the growth of the most important macroeconomic indicators, first of all, the GDP and industrial production continued," stability of the financial system was preserved, revenues of the federal budget and the size of its surplus were growing.

    By the rates of economic growth, Russia continues to surpass most countries, despite the restoration of the economic growth in industrially developed countries.

    The growth of the GDP for 2003 against 2002 totaled in Russia (by preliminary estimate of the State Statistics Committee) 7.3%, in the U.S. 3.1%, in Japan 2.7%, and in the European zone only 0.5%.

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