EN|RU|UK
 Economics
  3895

 IMF: Ukraine is Threatened by Serious Economic Setback

International Monetary Fund lowered economic growth forecast for the countries of the Commonwealth of Independent States.

According to IMF report on the state of the world economy, the growth in CIS countries in 2012 will not exceed 4%, reports Radio Liberty.

The slowdown of growth is related to debt crisis in the Euro zone and price drop on energy resources. Experts also note that the three largest economies of the CIS will suffer the most - Russia, Kazakhstan, and Ukraine.

In July the maximum level of economic growth in CIS countries constituted 4.1%. At that last year's forecast predicted 5% growth of the CIS economy.

Previously the IMF downgraded the world economy growth forecast for 2012 and 2013.

According to IMF experts, the developing economies in 2012 will display 5.3% growth, in 2013 - 5.6%. Growth forecast was decreased by 0.3% for 2012 and by 0.2% for 2013.

 
 
 
 up