The Cabinet of Ministers of Ukraine forecasts that GDP growth will be 4% by the end of 2005. This was stated by Acting First Vice Prime Minister Anatoliy Kinakh on Wednesday, reports "Interfax-Ukraine". \n \nPreviously, GDP growth was forecast at 6-6.5%. Initially, the government forecast for GDP growth in 2005 was 8.2%. \n \nRecall that in August, real GDP declined by 1.6% compared to August of last year to 38,628 million hryvnias. This was reported by the State Statistics Committee. \n \nFor January-August, GDP grew by 2.8% compared to January-August 2004 to 252,562 million hryvnias.
The government lowered its forecast for GDP growth in 2005 to 4%
Economy · 11:34 14.09.2005
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