The Institute forecasts the real GDP growth at 3.4% in 2010. The growth is mainly explained by statistical base effect.
The MEFU includes the IER’s forecast of the GDP and its components, disposable income and unemployment rate, fiscal indicators, balance of payments, inflation, exchange rate for current and next years. There are 12 issues per year. Quarterly issues (published in January, April, July and October) present new and revised estimates, while monthly issues focus more on recent trends and define the direction of possible forecast revision in the quarterly issue.
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The Institute forecasts the real GDP growth at 3.4% in 2010. The growth is mainly explained by statistical base effect.
The real GDP might contract less than 15.0% in 2009 thanks to better economic developments in the third quarter. Real GDP will grow by 3.4% in 2010.
The Institute downgraded the forecast of real GDP development. The real GDP is forecasted to contract by 15.0% in 2009. It will grow by 3.4% in 2010.
The real GDP is forecasted to contract by 14.1% in 2009. It will grow by 3.9% in 2010 against the background of very low statistical base.
We kept our estimate of real GDP contraction at 14.1% in 2009.
The economic performance in Ukraine in the first quarter of 2009 was weak, and this weakness is expected to prevail till the end of the year.
We slightly revised the estimate of real GDP contraction to 13.4% in 2009 to incorporate the newest statistical information.
According to the base scenario, the real final consumption, fixed capital accumulation, as well as external demand for Ukrainian products are very weak in 2009.
Economic development in Ukraine and in the world was in line with assumptions and expectations embedded in the previous issue of the IER forecast. Therefore, we preserved the estimate of real GDP contraction at 12.0% for 2009, though somewhat changed the development of its components.
Recent economic developments in Ukraine and in the world were in line with the assumptions and expectations embedded in the previous issue of the IER forecast.