GDP: Delays in recovery of major trading partners results in lower demand for Ukraine’s exports. As a result, forecast of real GDP growth at 1.3% in 2012 and 3.3% in 2013 appears to be too optimistic.
Fiscal Indicators: The consolidated fiscal deficit is likely to be constrained to 1.3% of GDP in 2013 due to low domestic liquidity, restricted access to international capital markets and large government debt maturing next year.
