EBRD improves Ukraine’s GDP growth forecast for 2011
European Bank for Reconstruction and Development maintained its forecast of gross domestic product (GDP) of Ukraine this year at 4% and improved it in 2011 from 4% to 4.1%.
According to the update of the regional macro-forecast released on Thursday by the bank, as a result of the fourth quarter of 2010 the GDP growth will be 6% comparing to the same period of 2009, and according to the balance sheet of fourth quarter of 2011 will decrease to zero.
According to estimates made by Bank, the GDP growth in first quarter of this year was 4.9%, while in second quarter it slowed to 2.3%, in third quarter – it will increase to 2.9%.
The EBRD said that, in the fourth quarter of 2009 the decline of GDP was at 7%, a year earlier – 8%.
