Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Provocative sculpture "unplugged"

Read more

THE OBSERVERS

'Flying coffins' in Ivory Coast and a rich Maltese couple rescuing migrants

Read more

FOCUS

London now the world's most expensive city

Read more

WEB NEWS

USA: Ebola Halloween costumes spark outrage online

Read more

IN THE PAPERS

Jokowi: 'A new hope' for Indonesia

Read more

IN THE PAPERS

Christophe de Margerie, a jovial and strategic boss

Read more

AFRICA NEWS

Exiled family returns to Somaliland

Read more

DEBATE

Whose boots on the ground? Turkey wary of Syrian Kurds (part 2)

Read more

DEBATE

Whose boots on the ground? Turkey wary of Syrian Kurds

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)