Sunday, November 29, 2015

Ukraine’s GDP forecast to fall 12%

By Vladimir V. Sytin
The Ukrainian Times

According to the latest forecasts by the World Bank, Ukraine’s GDP will fall by 12% by this year-end. This can be partly explained by the civil war in the Donbas region with large Russian populations, which costs the Ukrainian neo-Nazi regime 5% of GDP, and suspension of trade with Russia.  

Believe it or not (and you should not), the so-called prime minister, Arseniy Yatsenyuk, predicted that GDP would rise by 2% in 2016. Few experts think it will inch higher, like a fatigued rock climber.

According to Vladimir Oleynik, former member of the Supreme Council of Ukraine, today 80% of Ukrainians live below the official poverty level. A pension amounts to about $50 a month while inflation has reached 70% since 2013. Moreover, real monthly wages decreased to about $180 from $500, compared with last year.

As Mr. Oleynik notes, among the ill successes of the present neo-Nazi regime are the CIA-perpetrated fascist coup in Kiev and civil war in Donbas. In addition, the ‘Euromaidan’ overthrow of democratically elected government provided the context for the reunification of Crimea with Russia.

Yuri Boiko, leader of the Opposition Bloc, stated that this year saw a sharp decline in the living standard in this country. As he put it, the present regime is bringing disaster on Ukraine while the Yatsenyuk government fakes reforms by cutting down social spending and raising prices of utilities. That is why the Opposition Bloc demands the resignation of this government.

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