The IMF has maintained its GDP growth forecast for 2012 at 3% y/y compared to 5% growth recorded in 2011. In 2013, the GDP growth is expected to reach 3.5%. The global slowdown of economic growth has a great impact on the Ukrainian economy as one of the CIS energy importing economies, the IMF noted.
Moreover, the IMF warns about risks in case of intense crisis in the Eurozone.
For the energy importers in the region, direct trade spillovers from a further escalation of euro crisis would also be...
Keep on reading: Ukraine’s currency may have to be devalued
Keep on reading: Ukraine’s currency may have to be devalued