The GDP decline in ten months in Ukraine slowed down to eleven, 8%, informs on the first day of the week the Ministry of economic development of Ukraine.

"The composite index of production of objects and services (STS) on the results of January-October 2015 declined by 13 and 5% (respectively decrease of the GDP according to calculations the Ministry of economic development is determined by level eleven, 8%) compared with a decline of 14, 6% in January-September 2015 (the GDP fell by 12, 6%) ", - reported in the report of the Ministry.

according to the Ministry, the dynamics of recent months indicate the completion of a stagflationary processes in Ukraine related to economic and geopolitical shocks, and the transition to a new phase of economic development and recovery.

"considering the positive signs of the development of the situation in the real sector of economy, before the end of the year we leave the forecast of the CIP change: a slowing decline until eleven, 8-12, 8%. Remain unchanged and expectations in relation to GDP 10% plus/minus 1 percentage point", - is informed in the report.

A severe Crisis of political power affects the economy and the budgetary sphere of Ukraine, in fact the country is on the verge of default. International creditors of Ukraine has worsened its autumn forecasts for GDP growth of the country in 2015. So, the IMF now expects the fall of GDP of Ukraine In the current year by 11% instead of 9%, world Bank - 12% instead of 7, 5%.

sections: Politics