2008 crisis returns to Ukraine

Unexpected even for experts, the drop in industrial production in Ukraine on a record 5% is pushed into gloomy memories.

And although from the screens of TVs, advertising shields and brandmauers politicians and statesmen smile at us, a feeling of dejaugu appears, as if you already know this one ends Enharged populism.

Roles at the Ukrainian Politics Theater were written in 2008, only the performers of roles were replaced, and even then only the main ones.

The scenery for the old play about the global crisis "which will not hurt the boundaries of Ukraine" today look depressing.

As can be seen from the data of the State Statistical Service of Ukraine in August 2012 against August 2011, the volume of coke production fell by 33%, oil refining by 33.2%, engineering 14.4%, metallurgy 12.5%and in light industry by an average of 2.1%.

The State Statistics Service additionally showed that the decline in industrial production in Ukraine in August 2012 compared to August 2011 amounted to 4.7%.

Such a fall was a surprise even for experts and analysts of the banking sector. “In the near future, we do not expect the resumption of industrial production growth, since global demand for the main export products remains low,” the ING Bank Ukraine analysts say.