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Ukraine : economic situation and key challenges Igor Burakovsky Head of the Board, Institute fro Economic Research and Policy Consulting Berlin , 2 5 March 201 4. Economy today. 2013 : Z ero economic growth 2013 : Industrial output declined 2013 : Agriculture growth by 13,7% - PowerPoint PPT Presentation
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Institute for Economic Research and Policy Consultingwww.ier.com.ua
Ukraine: economic situation and key challenges
Igor Burakovsky
Head of the Board, Institute fro Economic Research and Policy Consulting
BerlinBerlin, 2, 255 March March 20120144
2
Institute for Economic Research and Policy Consultingwww.ier.com.ua
Economy todayEconomy today2013: Zero economic growth2013: Industrial output declined
2013: Agriculture growth by 13,7%2013: Export (goods and services) declined by 7,6%, import
by 7,4%2013: Underexecution of budget revenues
Industry As compared with 2012
Industry (total) 95,3%
Extracting industry 100,4%
Processing industry 92,3%
Electricity, gas, heating 98,7%
3Economy today: major Economy today: major
characteristicscharacteristics
1. Recession in 2014. The question now: scale, time and consequences
2. High level of uncertainty. Lots of questions need to be apprehended. Crimea economic puzzle.
3. High level of volatility. “Small” factors may result in large fluctuations.
4. Military threat as economic challenge.5. High expectations in the society.6. Lack of political consolidation on economic issues.7. Presidential elections as economic factor.
Institute for Economic Research and Policy Consultingwww.ier.com.ua
4
Economy today: challenges Economy today: challenges
1. Institutional challenge (secure functioning of economy, stabilization, reforms).
2. Fiscal consolidation.3. Debt servicing.4. Resuming cooperation with IMF.5. Cooperation with Russia under current circumstances.6. Political tensions.7. Banking sector support. 8. Proper management of international financial support
package.9. Decentralization (solving puzzle of combining
redistribution of powers with shortage of funds).10. Social standards as economic and political challenge
(social protection in the times of recession and political turmoil).
Institute for Economic Research and Policy Consultingwww.ier.com.ua
5
Institute for Economic Research and Policy Consultingwww.ier.com.ua
Дякую за увагу!Дякую за увагу!Thank youThank you!!
Contact information:
Institute for Economic Research and Policy Consulting
8/5-А Reytarska str., Kyiv 01034, UkrainePhone +38-044-278-6360
Fax +38-044-278-6336