Economy
forecastsNBU expects GDP to drop 4.6% in 2014
The National Bank of Ukraine expects the gross domestic product to drop 4.6% in 2014, informed NBU Governor Valeriya Hontareva.
The official government forecast of the GDP decline is 3%, while the IMF program envisaged 5% decline, Hontareva noted.
“As for the next year, there won’t be a strong growth of GDP – only from 1% to 2%,” she said during the live link-up at the Investment Conference in London, organized by Concorde Capital.
A lot depends on the situation in Eastern Ukraine, which negatively influences the economy of the whole country. For this reason the peaceful resolution of the crisis is required for both economic recovery and increasing the stability of the banking and financial sectors, she said.
As Capital reported, in the beginning of June Premier Arseniy Yatsenyuk predicted GDP to drop 5% in 2014. The economic situation in Ukraine depends, to a large extent, on the events in Donetsk and Luhansk oblasts.
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