UN report defines default candidates
UN experts state...
According to Delo newspaper, UN experts state that Ukraine is dramatically loosing investors’ confidence. It leads lists of world’s countries with the highest inflation, gravest national currency devaluation, stock exchange index fall and industrial production decrease. They forecast, in 2009 the country’s economic growth will go down to 2.1%, unemployed will double up to 6% and inflation remain as high as it was in 2008.
According to Credit Default Swap presented in World Economic Situation and Prospects 2009 Ukraine has the highest CDS premium (16.3 per cent), followed by the Bolivarian Republic of Venezuela (15.5 per cent) and the Russian Federation (10.1 per cent).