EBRD downgrades GDP growth forecast for 2011-2012

2011-10-18 16:19:54

The European Bank for Reconstruction and Development worsened a forecast of Ukrainian GDP growth for 2011-2012.

According to a new quarterly report of the bank, Ukrainian GDP will grow this year by 4.5%, next year - by 3.5%, the EBRD statement reads.

According to the previous report of the bank, which was made public in July, GDP growth of Ukraine was predicted at 5% and 4.5%. Тherefore, the forecast was downgraded by 0.5% and 1% respectively.