Yuschenko Worsens First Quarter GDP Fall To 20% – 23%

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The FINANCIAL — President Viktor Yuschenko has worsened his forecast for the first quarter GDP fall at 6 to 9 percentage points to 20% – 23% in January – March 2009.

 

He said this addressing the Power and Business Partners Forum

 

«The first quarter gross domestic product will drop 20% -23%,» the president said.

 

Yuschenko has repeatedly called on immediate amending the 2009 state budget.

 

As Ukrainian News reported, Yuschenko predicted a 14%-drop in GDP in January – March 2009.

 

The international Monetary Fund forecast an 8% to 10% fall in GDP if this country’s authorities keep inactive.

 

The Cabinet of Ministers estimated GDP growth by 0.4% in 2009.

 

 

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