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GDP growth of 3% is realistic, expert believes

Posted by the Editor on January 14, 2014


News / 14 January 2014 | 11:54

GDP growth of 3% is realistic, expert believes

GDP growth of 3% is realistic, expert believes

Failure to adopt the state budget as a result of blocking of the Parliament carries enormous risks for the economy, executive director of the Blazer International Fund Oleg Ustenko said on the TV channel “Rada”.
Commenting on the basic parameters of the budget for 2014, the government economist said that stipulated GDP growth of 3% is rather realistic.
Revival of foreign markets, exports to which constitute half of Ukrainian GDP, are grounds for such optimistic forecasts.
“15% of GDP are markets of Russia and the Customs Union countries. As a result of the Moscow accords, non-tariff relations with the Russian Federation have been removed, and Ukrainian exports to this market could grow to $ 5 billion. It is for this amount it declined last year (compared with 2011),” Ustenko said.

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