Several factors are responsible for such a downfall in Ukraine:
- Decrease in demand for Ukrainian exports abroad
- Price decrease for steel and chemichals
- Imported gas price rise
- Contraction of FDI for the first time in 10 years.
Monday, November 9, 2009
EBRD: Ukriane is a leader in economic downfall
Annual EBRD Report says that Ukraine has suffered economically more than any other country of Eastern Europe and Central Asia. Ukraine heads the list of 29 countries and is in the top 5 with double digit GDP downfall. As 2009 ends the downfall is predicted to be around 14-15%. For comparison, GDP of other coutries in Eastern Europe will contract in 2009 for about 6.3%.
Several factors are responsible for such a downfall in Ukraine:
Several factors are responsible for such a downfall in Ukraine:
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