The European Bank for restoration and development (EBRD) has lowered its forecast on the dynamics of Ukraine's economy, according to a new assessment of the Bank's GDP will fall in 2014 at 9% instead of the expected earlier than 7%.
changes in the forecast of the Bank associated With the intensification of the fighting in the East of Ukraine and problems With external financing. The Ukrainian Ministry of Finance a few days earlier said he expects a fall of at least 6%.
According to the EBRD, in 2015, the situation may improve, As Ukraine continue to receive the support of the IMF, which will help the economy. Anyway, the forecast for GDP growth in 2015 was also degraded: if previously the EBRD forecasted increase of the Ukrainian economy, it currently assumes its reduction by 3%.
" There are significant risks to the forecast, affected by the fighting and the further destruction of trade relations With Russia. On the reverse side, it is possible stabilization in the East can help restore infrastructure and trust (to the economy), although the timing of this is highly uncertain, " says the press release financial institution.
as a positive factor EBRD highlights the signing of the Association agreement of Ukraine With the European Union. It is, in the opinion of specialists of the Bank, will provide an opportunity in the medium term to increase exports and improve the business environment, although in the near future, increases the probability of bringing to the volatility of trade With Russia.
sections: Politics |
Russian News
[View all comments]
[Print]
