Auditors downgrade the forecast
Audit firm Ernst&Young predicts that in 2013 Ukraine’s GDP will grow to 1.1%, which is 2.2 times less than the previous prediction, says E&Y’s press-service.
Regarding 2014-2016 forecast, experts suggest that the national economy will grow by 4%. E&Y says the reason for low indicator is unfruitful negotiations with the EU on free trade. Slow economic growth is also due to increased prices for the Russian imported gas.