The fall in Ukraine of Ukraine in the third quarter decreased by 1.3 percent

In the third quarter of Ukraine, Ukraine was reduced by 1.3 percent, while officials believe that national protests and risk of resignation of President Viktor Yanukovych can worsen the situation in the country's economy. On October 30, the Goskomstat appreciated the fall of the gross domestic product at 1.5 percent. Compared to the previous quarter of GDP, it decreased by 0.3 percent, and before that this figure decreased by another 0.5 percent from March to June 2013.

These data confirm the continuation of the third recession in Ukraine since 2008. The country continues to fight with the fall of prices for steel - its main export product, as well as with the trade restrictions that Russia introduced in relation to Ukrainian manufacturers. Against the background of the seven-year minimum of gold and foreign exchange reserves, the First Deputy Prime Minister of Ukraine Sergey Arbuzov said that the country needs $ 10 billion in order to avoid default. Long protests that began after suspension of the signing of the Association with the EU Viktor Yanukovych can “seriously hit” in Ukraine, added Arbuzov.

“All these events simply emphasize the scale of the tasks facing the Yanukovych administration,” said Tim Ash, leading London economist in Standard Bank Group, in his commentary. He also added the following: “I assume that the ongoing street demonstrations will further worsen the economic situation in the country over the next few weeks, and this will probably plunge the economy into the recession in the fourth quarter of this year.”

The profitability of the debt dollar obligations of Ukraine increased by 1.74 points to 21.22 percent, which is the highest indicator in history. The hryvnia rate fell to 8,2500 per dollar, last night 8.1710 was given in one hryvnia.