Ukrainian President forecasts GDP 2012 growth at 6%

2011-10-14 12:51:33

President Viktor Yanukovych forecasts that in 2012, GDP growth in Ukraine will make 6%, he said about this during his working visit to Khmelnytsky region (country's west).

The Head of state noted that for preservation of a positive dynamics of GDP growth it is necessary to further "work very seriously over country's development."

"An innovation-investment model, which we laid as a basis for state development, obliges us to work over attraction of investments, creation of new technologies," Yanukovych underscored.

At the same time, experts are not so optimistically disposed. Ukraine's economy will grow next year to 4%, executive director of the Bleyzer Foundation in Ukraine Oleh Ustenko believes.

"We forecast a 4% growth (of the economy) in Ukraine. This is less against what was laid down in the state budget and more conservative against the IMF forecast," he said.

The expert also forecasts a serious slowdown of the economic growth in the countries of the world. According to him, it will slow down in China, India, Russia and in Latin America countries. "Still, there are no grounds to say that the world entered the global recession... But I do not rule it out in the future," he noted.

According to the Bleyzer Foundation, this year, USD 1 trillion of direct investments will be invested in developing economies. Out of this amount, Ukraine will get USD 5 billion which, according to Ustenko, is "a very insignificant amount."

He also noted that foreign investors will lodge their money with "safe havens" and look for safety.