Bloomberg News

Ukraine Says GDP May Grow 2.5% in 2013 in Pessimistic Scenario

December 05, 2012

Ukraine’s economy may expand 2.5 percent next year under a pessimistic scenario in which export growth is slower than planned, the government said.

Inflation may quicken to 6.1 percent under the analysis, the Cabinet said today on its website before lawmakers vote tomorrow on the 2013 budget.

The draft budget assumes gross domestic product will advance 3.4 percent and inflation will be 4.8 percent, First Deputy Finance Minister Anatoliy Myarkovskyi told Parliament yesterday. Ukrainian exports, which generate more than half of GDP, will rise 2.3 percent under the pessimistic scenario compared with the 6.4 percent envisaged in the draft budget.

To contact the reporter on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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