Wednesday 8 October 2014

POLL-Ukraine economic slide seen accelerating in Q3 to five-year low | Reuters

POLL-Ukraine economic slide seen accelerating in Q3 to five-year low | Reuters:



"Ukraine's economy is expected to have shrunk 9.5
percent year-on-year in the third quarter of 2014, a Reuters poll showed,
suffering its biggest contraction of the past five years as fighting between
government and rebel forces inflicts huge damage on the industrial east.



Economists in the survey estimated that the slide worsened rapidly in
July-September from the first and second quarters, when gross domestic product
shrank by annual rates of 1.1 percent and 4.7 percent respectively.



The analysts at 12 banks and brokerages also saw GDP dropping 7.8 percent
this year, according to the median forecast in the poll, a much more pessimistic
assessment than the 5.0 percent prediction in the previous survey in a June."



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