International Agency downgraded to Ukraine

Ukraine's GDP growth will slow, inflation will accelerate, the national debt will grow, but slightly reduced the consolidated budget deficit forecast acted with such international credit rating agency Moody's. According to forecasts of GDP growth in 2011 will be 4% (previous year - 4,2%), inflation - 11% (9,1%), the consolidated budget deficit - 4% of GDP (previously -6%), the national debt - 40, 5% of GDP (end 2010 - 40%). As reported by Interfax-Ukraine, the Ukrainian side a strong credit agency assigns a relatively low level of government debt and a well-educated workforce with low wages, while the credit problems are the uncertainty of the current IMF program, and exposed to stress the banking system because of the large external debt and weak economy. Moody's also points to the lack of predictability of policies that lead to impotence structural reforms. The outlook on the Ukrainian banking system remains negative, reflecting the very high level of NPLs, which is unlikely to decline substantially in the near future, and the suppression profitability. In the State budget of Ukraine for 2011 laid down the GDP growth at 4.5% inflation rate - 8,9%, the budget deficit - 3,08% of GDP.