World Bank improves outlook for 2010 Ukraine’s GDP growth

World Bank experts think 15 percent GDP contraction in 2009 to be a realistic estimate. For 2010 GDP growth of 2.5% is expected mainly due to improved export demand. Stress in the global financial conditions is expected to slow down the pace of recovery. Strained private sector finances will constrain investment, while continued labor market adjustment and cost cutting strategies in the corporate sector will weigh down on consumption demand. WB expects inflation to fall to below 14% by end-2009 and to below 11% by end-2010. Source.