GDP: Economic growth is expected to decelerate in the second half of 2012. Overall, the IER expects real GDP growth at 1.9% in 2012. At the same time, increasing political and economic uncertainty in Ukraine along with slower recovery in the EU might result in downward revision of the real GDP growth for 2013.
Fiscal Indicators: The Government will have to continue looking for financing or reschedule IMF loan repayment in order to avoid cuts in fiscal expenditures in the end of 2012.
