EBRD downgrades GDP growth forecast for 2011-2012
The European Bank for Reconstruction and Development worsened a forecast of Ukrainian GDP growth for 2011-2012.
According to a new quarterly report of the bank, Ukrainian GDP will grow this year by 4.5%, next year - by 3.5%, the EBRD statement reads.
According to the previous report of the bank, which was made public in July, GDP growth of Ukraine was predicted at 5% and 4.5%. Тherefore, the forecast was downgraded by 0.5% and 1% respectively.