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Ukrainian recovery is proceeding better than expected - IMF
22 April 2010
On 21 of April, the International Monetary Fund published World Economic Outlook. The main message of the survey is that the global recovery is proceeding better than expected but at varying speeds—tepidly in many advanced economies and solidly in most emerging and developing economies. World growth is now expected to be 4,25 percent in 2010. Among the advanced economies, the United States is off to a better start than Europe and Japan. Among emerging and developing economies, emerging Asia is leading the recovery while many emerging European economies are lagging behind.

IMF forecast for Ukraine is improved too. Ukraine's gross domestic product to grow by 3.7% in 2010, which is the same to the forecast made by the Ukrainian government.

Last October, the IMF was pessimistic about the prospects of the Ukrainian economy, estimating the country's GDP growth in 2010 at 2.7%.

This multispeed recovery in Ukraine is expected to continue in 2011 and gain 4.1% in 2011.

Source: www.imf.org




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