Don't miss

Replay


LATEST SHOWS

FOCUS

Video: Far right at the gates of power in Austria

Read more

FRANCE IN FOCUS

FRANCE 24 turns 10: A look behind the scenes

Read more

EYE ON AFRICA

Gambia's Yahya Jammeh concedes defeat in presidential polls

Read more

MEDIAWATCH

Gambians herald 'new independence' after Jammeh defeat

Read more

THE WORLD THIS WEEK

Hollande, the One Term President (part 1)

Read more

THE WORLD THIS WEEK

Trump Keeps 'Em Guessing, Italian Referendum, Austrian Election, Castro's Death (part 2)

Read more

FASHION

Discovering the winter 2016/2017 men's fashion collections in Paris

Read more

ENCORE!

Rendez-vous on '42nd Street' as the meta musical comes to Paris

Read more

REPORTERS

Uzbekistan reinforces its tight grip on election and country

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)