News
20.08.2010
Ministry of Economy vows positive trade balance at USD 300mn
The Ministry of Economy predicts a positive trade balance of USD 300 million by the end of the year, Deputy Minister of Economy Valeriy Muntiyan told reporters on Thursday.
He noted that the foreign trade turnover for January-June 2010 amounted to USD 56.3 billion, a 28.5% increase compared to the same period last year. According Muntiyan, the trade surplus made up USD 4.5 million
The deputy minister predicts that GDP growth this year could reach 4%. "Let's see what we get by the end of this year. Indeed, we forecasted 3.7%. But I think that this figure of 4% for Ukraine will be real," he added.
In the second quarter of 2010 Ukraine's GDP has grown against the second quarter of 2009 by 6%. The 2010 budget laid down the GDP growth forecast at 3.7%. According to the State Statistics Committee, in the first quarter GDP grew by 4.9%.
Moody's Investors Service forecasts GDP growth in Ukraine at the level of 3.3% in 2010 and 4.5% in 2011.
In early July, the World Bank (WB) also improved its GDP growth forecast for Ukraine from 2.5% to 3.5% in 2010.
In turn, the European Bank for Reconstruction and Development (EBRD) expects that Ukraine's GDP will rise by 4% this year.
ukrinform
