Ukraine Recession
Monday, April 27th, 2009What the real number will be in anyone’s guess. Suffice to say that Ukraine’s economy is taking a beating. The bright side is that the recovery will probably be just as dramatic.
PRESIDENTIAL SECRETARIAT FORECASTS UKRAINE GDP RECESSION AT 8-10%
The Ukrainian Presidential Secretariat forecasts a recession of the Ukrainian gross domestic product (GDP) at 8-10% in 2009.
According to an UNIAN correspondent, top deputy President’s Chief of Staff Oleksander Shlapak said this to a press conference on Monday.
According to him, a consensus-forecast has been announced lately, in line with which, the most optimistic forecast of the GDP dynamics belonged to the Economics Ministry of Ukraine, which forecasted a recession at 3%.
At the same time, O.Shlapak stressed that a number of scientific institutions and experts forecasted a GDP recession in 2009 at 15-17%.
(from www.unian.net)
