Ukraine's economy will show zero growth by results of 2012 - Dragon Capital
2012-11-01 10:02:37
Growth of Ukraine's real GDP will slow down to 0% by results of 2012.
This forecast was made by Dragon Capital chief economist Olena Bilan, UKRINFORM reports.
“By results of the year, GDP growth rates will slow down to about 0%,” Bilan said.
According to her, negative GDP growth in Q3, 2012, was not unexpected, taking into consideration weak data on industrial production following a record-making yield of 2011.
The company analysts expect that real GDP growth will remain negative in Q4 too, due to weak internal demand and further negative consequences of the yield fall.
According to Dragon Capital economists, on the backdrop of internal demand slowdown in 2013, the economy growth may support only export renewal.
As reported by UKRINFORM, according to preliminary data of the State Statistics Service, Ukraine's GDP in Q3, 2012, fell by 1.3% against Q3, 2011. With taking into consideration of seasonal factors, real GDP fell in Q3 by 1.2% against Q2 following growth of 1.9% in Q2, 2012.