GDP: Under the base scenario global economy is expected to grow only by 2.1% in 2012. As a result, the Institute downgraded its forecast of Ukraine’s real GDP growth in 2012 to 3.6%.
Fiscal Indicators: Fiscal deficit will be hard to fund in 2012. As a result, deficit is expected only at 1.6% of GDP. Nevertheless, revenues will be sufficient to fund entitlements and maintain capital spending.
GDP: Under the base scenario global economy is expected to grow only by 2.1% in 2012. As a result, the Institute downgraded its forecast of Ukraine’s real GDP growth in 2012 to 3.6%.
