World Bank sees Ukraine's '09 GDP shrinking 4 pct

14:08, 23 December 2008
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According to a statement issued on Tuesday

The World Bank predicted a sharp recession in Ukraine next year with GDP falling 4.0 percent, according to a statement issued on Tuesday, against a July forecast of 4.5 percent growth.

It also cut its forecast for this year`s growth to 2.3 percent of gross domestic product from a previous forecast of 6.0 percent and last year`s growth of 7.6 percent.

It raised its inflation forecast for this year to 22.8 percent from 21.5 percent previously predicted and 16.6 percent in 2007. It cut its forecast for inflation next year to 13.6 percent from 15.3 percent.

Reuters

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