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Government cuts GDP growth forecast to 3.9%
01.12.2011 15:28 "Agro Perspectiva" (Kyiv) —
This was voiced by First Deputy Minister of Economic Development and Trade Vadym Kopylov. He said that the nominal GDP forecast is 1.5 trillion UAH, adding that this outlook is pessimistic.
Earlier to this at the unification congress of the Federation of Employers of Ukraine, Prime Minister Mykola Azarov also said about reduction of the projected rate of GDP, calling a rate of 4%. He reminded that in previous forecasts, GDP growth was envisaged at 5.5%, but the world economic situation compels reconsideration of forecasts and reduction of the expected growth. Work on the budget is continuing, and the government is waiting for completion of the talks with Russia on gas prices. It is not excluded that the budget will be adopted after December 20.
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