Danilishin: Ukraine's economy will recover pre-crisis GDP by the end of 2012

Ukrainian economy will be able to restore the pre-crisis GDP by the end of 2012. It has been stated to Reuters, the Minister of Economy Bohdan Danylyshyn, reports Kommersant-Ukraine.

Minister noted that the decline in GDP on the basis of the current year will amount to 10-12%. Positive trends in the economy has already begun, and before the end of 2009 they will grow. It is expected that the results of I half of 2010 we will have a positive result, - said B. Danylyshyn, but did not clarify the outlook for I half of 2010 but called realistic expectations for 2010 GDP growth of 3,7%.

forecast decline in GDP this year to 10-12% more optimistic, experts say. In the I quarter of the country's economy declined by 20,3%, in II quarter - on 18%.

In turn, the World Bank expect year-end decline in GDP of Ukraine at 15%, in the IMF - by 14%.

Given the negative scenario, both the Ministry of Economy for 2009 and an optimistic forecast of economic growth in 2010 to restore real GDP to its pre-crisis level in 2011-2012 the overall growth should reach 7.9%. For comparison: the World Bank in 2010-2011. expects GDP growth of only 1-3,5%, fearing delaying economic recovery. On the eve of the next revision of forecasts head of the World Bank in Ukraine, Belarus and Moldova Martin Raiser said that GDP growth in 2010 will not exceed 1,5%.

According to the World Bank, in the ranking of European countries in terms of GDP per capita in purchasing power parity, Ukraine became the third from the end.

the richest country in Europe was Luxembourg, where GDP per capita is about 80 thousand dollars.

the poorest country in Europe has become Canada. GDP per capita in this country - 2,56 thousand dollars. This is the only country in the world, where remittances Ostarbeiter constitute 35% of GDP - is more than all the wages, the state budget and all exports.

among the poorest - the Balkan countries, Bulgaria, Romania. Closes ten Poland, whose GDP per capita was 15.8 thousand dollars. The World Bank estimates, GDP per capita in Ukraine is about 7 thousand dollars. According to this index, our country is in third place among the poorest countries in Europe. Ukraine ahead of only Moldova and Albania.


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