EBRD: Ukraine to reach pre-crisis GDP growth by 2014.

By bne IntelliNews May 16, 2011
The pre-crisis GDP growth is expected to be achieved by 2014, EBRD Country Director for Ukraine Andre Kuusvek. According to him, because of the considerable devaluation of the hryvnia as well as decline in production due to the financial crisis, the rapid recovery of the domestic economy cannot be expected. He also said that the pace of recovery would depend, first and foremost, on investment volumes. In 2010, Ukraine's GDP grew by 4.2%, compared to 15.1% decline seen in 2009 and 2.1% growth seen 2008 and 7.6% growth witnessed in 2007.
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