The situation in the euro area shows that the way out of the crisis will be longer than expected, which will delay the prospects of Ukraine, too, the head of the information-analytical center Forex Club in Ukraine, Mykola Ivchenko, told a press conference.

"Given that Ukrainian exports to the EU countries make 29% and to the CIS countries 38% (against the background of falling oil prices, the growth in Russia will be modest), GDP growth in Ukraine this year could reach 2.5% (the forecast was 3.2%). The Ukrainian economy could reach stable growth rates no earlier than 2014-2015," Ivchenko said.

According to him, investment growth last year was good, which was due to EURO 2012, but this year it will be more modest.

Loan portfolio growth slowed down: last year it was at 9.4% and in the current year it is projected at 6.9%. And without crediting there will be no economic growth.

Nominal income growth is getting slower, too. This will reduce domestic demand. This year income growth is projected at 15%, whereas in the past year it was 17%.

The unemployment rate will increase slightly: from 8.6% at the end of last year to 8.8-8.9% (in Greece, it is more than 19%, in Spain around 25%).

The growth of the eurozone economy this year could decline by 0.3-0.5%. The probability of Greece's exit from the euro zone is 50-60%. This process however will not be quick and may take 2-3 years. Debt crises averagely last about 7 years.

Ukrinform