news

Economy looks grim

05.12.2014 | kyivweekly.com.ua

The Cabinet expects a 7% decline in GDP this year, Premier Areseniy Yatsenyuk during a government meeting. He said forecasts for the fall of Ukraines economy were 10%. Technically, such predictions are even slightly better. We expect 7% rather than 10%, said Yatsenyuk. He stressed that 3% is a serious rate, but still the economy remains negative.

The National Bank of Ukraine (NBU) predicts a 7/3% fall in GDP, and the World Bank predicts 8% by the end of the year because of the events in the Donbas.

As it was reported previously, in January October 2014 the state budget of Ukraine was fulfilled with a deficit of UAH 53.8 bn.

Printable version
comments powered by Disqus

News