The World Bank once again revised the forecast of the growth of the Ukrainian economy by lowering it to zero. Earlier, the bank thought that Ukraine would increase by one percent.
The fault of the pronounced export orientation of the economy in which metallurgy dominates, falling into the abyss of recession in the second half of 2012 dominates. This is stated in the comments of the World Bank in Ukraine.
“We expect the GDP growth will resume in the second half of this year, but this will not be enough to compensate for the fall in the first half of the year,” the bank's analyst Anastasia Golovach said at a press conference in Kyiv on October 7.
Ukraine is under the close attention of the leading world analytical agencies, as it is on the verge of default of public debt after the program of lending to the International Monetary Fund in 2011.
In the first half of 2013, the GDP of Ukraine decreased by 1.1 percent in the first quarter and by 1.3 percent in the second. This is evidenced by the data of the State Statistics Service of the country.
The Cabinet of Ministers of Azarov has not yet announced a revision of the forecast for the growth of the country's economy from 2.5 to 3.4 percent.
World Bank is disappointed with Ukraine
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Azovpromstal® 7 October 2013 г. 14:11 |
