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News / 28 December 2009 | 11:02

Ukraine is expecting 3.4% economic growth in 2010


According to basic predictable scenario developed by the Institute of Economic Studies and Political Consultations (IESPC), drop in Ukraine's gross domestic product (GDP) at the end of 2009 will make 15% and inflation index will be 15.4%.

However, in 2010 the economists predict an economic revival. Thus, the 2010 economic growth will post 3.4% and inflation rate will total 12.9%, according to basic estimated figures, according to Ihor Burakovsky, the institute director. In his words, the economic recovery in Ukraine in the next years will be long enough.

2010, 2011 and partially 2012 will be the years of combating the effects of the economic downturn, liquidating imbalances resulted from the bailout policy. The question is about a substantial level of government debt, fiscal policy problems. 

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