Bank downgraded the forecast of GDP growth in Ukraine in 2011 by 0,5 percentage points

Growth of economy of Ukraine in 2011 will slow to 4% from 4.5% in 2010, predicts the European Bank for Reconstruction and Development (EBRD). The updated quarterly economic report, released Monday, the bank has lowered growth estimates for gross domestic product (GDP) of Ukraine in 2010 and 2011 compared with previous estimates made in October 2010, at 0.5 percentage points. As reported, according to preliminary government estimates, GDP growth in Ukraine in 2010 amounted to 4,1%. In 2011, the government expects to accelerate economic development to 4,5%. According to the forecast of the World Bank, after GDP growth of 4,3% in 2010, economic performance in Ukraine in 2011 will slow to 4%. On materials the Interfax-Ukraine