Business - Economy

Ukraine Faces Recession

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…

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Ukraine Faces Recession

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.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.