GDP: 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. The forecast of real GDP growth was revised upwards to 6.9%.
Major Risks of the Forecast: Under risk scenario the real GDP will decline by 14.7% in 2009 and demonstrate slower growth at 4.1% in 2010.
