The EBRD downgraded the forecast decline in GDP of Ukraine till eleven, 5%

The European Bank for restoration and development (EBRD) has lowered its forecast for the decline of Ukraine's GDP in 2015 to eleven. 5%, and reported in the annual forecast of the EBRD.
"Ukraine in 2016 will rise. The economy might reach bottom by the second half of this year and will take the path of gradual recovery. The IMF program for Ukraine is implemented ", – quotes the document RIA " Novosti ". However, EBRD has lowered its forecast for the decline of Ukraine's GDP in 2015 to eleven, 5%.
in opinion of authors of the report, the sharp drop in oil prices, and recession in Russia, where the production forecast for 2015 will be reduced by 4, 2%, and in 2016 – 1, 2%, will have an impact on the increase in Eastern Europe, Caucasus and Central Asian regions. On Wednesday the head of Ukrainian government Arseniy Yatsenyuk is sure that Ukraine's Economy in the 3rd quarter for the first time in a long time, resumed growth, will evolve in the coming year. On October 23, Ukraine and the EBRD signed an agreement on the allocation of credit in the amount of 300 million dollars for the purchase of gas from the EU. Gas purchased by Ukraine in the European Union, only from a formal point of view is " European ", but in fact it's the same Gas from Russia, which traders resell the EU to Kiev. As stated at the end of October, the national Bank of Ukraine gave an assessment of the country's GDP growth in the 3rd quarter of 1% compared with the previous quarter. Along with this, According to the head of the NBU Valeria Gontareva, the results, the regulator maintains its forecast of GDP for eleven, 6%. Along with this, in the first nine months of 2015, core inflation in Ukraine has reached 32, 2%. In October the world Bank (WB) has again lowered its forecast of falling of economy of Ukraine in 2015 – up to 12% from 7, 5% in 2016 and now expects to improve by 1% against 2% in the previous forecast. 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. Increased unemployment, the national currency in one year dropped more than 3 times. Ukraine's economy in the 2nd quarter of 2015 fell nearly 15%, falling GDP for the first half of this year amounted to 16, 3%.


sections: Politics