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You're reading: Industry slowdown a wake-up call for authorities

The news made economists revise their macroeconomic forecasts for this year. Among them, Dragon Capital investment bank downgraded its expectations of economic growth to zero. By contrast, the nation’s government continues to operate on the assumption that the economy will grow by 3-4 percent this year.

The International Monetary Fund has insisted since the end of last year that the macroeconomic indicators on which Ukraine’s budget is based are unrealistic, and should be revised. This remains one of four sticking points between the international lender and Ukraine in talks about a new loan program. 

The deal is currently looking more distant than ever, while the need for IMF support grows by the day.

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