The Ukrainian economy has not reached the indicators of 2007, and actually the country is the only country in the world which has not overcome the aftermath of the 2008-2009 global crisis, former advisor to the president for macroeconomics (1994-2005) and former head of the National Bank of Ukraine's Council (2000-2005), Anatoliy Halchynsky, has told Dzerkalo Tyzhnia. Ukraine weekly.
He said that it is incorrect to explain the collapse of the Ukrainian economy
by difficulties with the economic situation in the world, as Ukraine is the only
country which has not returned to the level of 2007.
Referring to the data of the International Monetary Fund (IMF), Halchynsky
said that U.S. GDP in the third quarter of 2012 grew by 2.5%, that for China –
by 7.4%, Russia and Turkey – by 2.9%, Poland – 1.4%, while Ukraine’s GDP fell by
1.3%. Eurozone’s GDP shrank by 0.6%. Over the period industrial production in
Ukraine was down by 4.2%.
“We have everything to boost GDP thanks to the development of the domestic
market. What we see in reality? The construction sector, and this is the basis
for the development of the domestic market, became the most vulnerable in the
economy. The fall in construction volumes is the largest. And this happened,
taking into account budget allocations for construction of Euro 2012 facilities
where the principle of how much you need was used,” the expert said.
As reported, referring to data from the State Statistics Service, Ukraine’s
GDP in Q3, 2012 fell by 1.3% year-over-year, while in Q1, 2012 growth was 2% and
in Q2, 2012 GDP rose by 3%.
