Development (EBRD) report, Bank has worsened Ukrainian 2009 Gross Domestic Products (GDP) decline forecast from 5% down to 10%.
“We expect Ukrainian 2009 real GDP will be about 10% down against 2008,” says report.
As to EBRD, Ukrainian GDP forecast lowering is motivated with global market steel (Ukrainian export basic article) prices fall, power recourses prices growth and foreign financial markets access limitation.
As earlier reported, Ukrainian Government retains official forecast on country 2009 GDP 0.4% growth.