Arab Today, arab today ebrd lowers ukraine\s 2014 growth to 15
Last Updated : GMT 16:01:31
Arab Today, arab today
Arab Today, arab today

EBRD lowers Ukraine\'s 2014 growth to 1.5%

Arab Today, arab today

Arab Today, arab today EBRD lowers Ukraine\'s 2014 growth to 1.5%

Kiev - XINHUA

The European Bank for Reconstruction and Development (EBRD) on Monday lowered its 2014 gross domestic product (GDP) growth projection for Ukraine to 1.5 percent. The downward revision, from the 2.5 percent projected in May, was due to "challenging trends in foreign markets, poor business environment and political uncertainty," the bank said in a statement. Meanwhile, the bank has left its forecast for Ukraine's economic growth this year unchanged at 0.5 percent. Ukraine's GDP declined by 1.1 percent in the first half of the year. However, the government's outlook for 2013 economic growth remained unchanged between 2.5 and 3.4 percent.

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