Ukraine Faces Recession

Business › Economy ♦ Published: December 8, 2012; 19:29 ♦ (Vindobona)

For the first time since 2009, Ukraine recorded a negative growth rate last quarter. Weak exports and a shrinking industrial sector are the most pressing issues.

Ukraine Faces Recession / Picture: © Vindobona.org

After a negative growth rate of 1.3% in the third quarter of 2012, Ukraine is expected to continue the negative trend. After a second quarter with negative growth rates, the Ukraine will be formally in a recession. In the first and second quarter of 2012, Ukraine´s economy performed very well. The growth rates came at 2.0% and 3.0% respectively. The recession will be the first since…

or Log In

Fast News Search
Related News
Inflation in Ukraine Remains at Zero Level (November 30, 2012)
Ukraine: “Stability of Currency Not Endangered” (November 28, 2012)
Ukrainian National Bank Stresses Stability of National Currency (November 20, 2012)
Austrian-Ukrainian Trade Relations Show Development Potential (October 25, 2012)
Ukraine's Banking System Demonstrates a “Sustainable Development” (August 21, 2012)
Read More
Ukraine, Economic Growth, Exports, Industrial Sector, Monetary Policy, Fiscal Policy, Public Debt, Budget Deficit
Featured
See latest Vindobona Newsletter