EBRD Upgrades Ukraine's GDP Forecast For 2006.
1 June 2008
The EBRD upgraded its GDP growth forecast for Ukraine from 1.2% to 2% in 2006.The reason for upgrade was better than expected economic results in 1Q06. During January-March Ukraine’s GDP grew by 2.4% yoy, industrial output increased by 0.2% and inflation was 2.7%. The bank is also not ruling out the higher GDP growth rates, but the level of gas prices will be the key factor to determine the final figures of Ukraine’s economic growth. We maintain our GDP growth estimates for 2006 at 3.0%. Concorde Capital: Only a week ago the EBRD forecast 1.2% GDP growth in 2006 their upgrade to 2% is getting closer to our estimate which has remained unchanged since the beginning of 2006.
