Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Closing arguments presented in the ICC trial of the Malian Jihadist who destroyed shrines

Read more

MEDIAWATCH

Burkini: the never-ending controversy

Read more

THE DEBATE

Biden in Turkey: NATO allies at odds over Syria Kurds, exiled cleric (part 1)

Read more

THE DEBATE

Biden in Turkey: NATO allies at odds over Syria Kurds, exiled cleric (part 2)

Read more

FOCUS

Video: The European dream of Abidjan street footballers

Read more

ENCORE!

Film show: Star Trek Beyond, Toni Erdmann, Staying Vertical

Read more

MIDDLE EAST MATTERS

Gaziantep Massacre: Turkey's kurds targeted in deadly attack

Read more

EYE ON AFRICA

US Secretary of State John Kerry commits to ramping up military assistance to Nigeria

Read more

IN THE PAPERS

'Sexism is over, according to most men'

Read more

Business

Ukraine's GDP dropped 20% in first quarter, says president

Latest update : 2009-05-25

Ukrainian President Viktor Yushchenko has warned that the country's economy may have shrunk by as much as 20 percent in the first quarter of the year, as the global crisis put an end to a prolonged spell of boisterous growth.

AFP - Ukraine's economy shrank by around 20 percent in the first quarter of this year, President Viktor Yushchenko said Monday.
   
"For the first quarter we expect a fall of 20 percent... maybe 23 percent," Yushchenko said at an economic forum in Kiev, quoted by Interfax news agency.
   
Yushchenko's assessment was by comparison with the same quarter last year, a senior official at the presidential administration, Roman Zhukovsky, told AFP.
   
Ukraine has been severely hit by the world economic crisis, after enjoying growth of around seven percent annually between 2000 and 2007.
  

Date created : 2009-05-25

COMMENT(S)