Ukraine economy to shrink 9% in 2009 - World Bank
The World Bank has revised its forecast concerning Ukraine
The World Bank has revised its forecast concerning the Ukrainian gross domestic product in 2009.
According to an UNIAN correspondent, Ukraine`s economy is expected to shrink 9% in 2009, the World Bank`s chief economist in the country, Ruslan Pyontkivsky, told reporters in Kyiv Tuesday.
The World Bank has worsened the inflation rate forecast for Ukraine from 13.6% to 16.4%. At the same time, by the year 2010, Ukraine’s inflation rate will slow down to 10%, and by the year 2011 – to 8%.