Real GDP in the third quarter of 2014 contracted by 5.3% yoy (flash Ukrstat estimate was decline by 5.1% yoy). On the demand side, domestic demand dropped sharply.
Highlight: Reform agenda - FISCAL CONSOLIDATION AS A BASE FOR SUSTAINABLE ECONOMIC DEVELOPMENT
Economic crisis in Ukraine continues and according to the consensusview real GDP is expected to decline both in 2014 and 2015. Return to economic growth will depend on success of reforms, which were delayed for many years. The broad reform agenda includes changes in all spheres, including defence, security, tax system, energy sector and other infrastructural sectors, healthcare and education. Currently we have already two documents outlining planned reforms: Coalition agreement (CA) and Government program (GP). These documents contain similar (but no identical) measures. Thus, we outline main expected changes in Ukrainian economy...
View the contents of the new issue of MEMU No.12 (170)
