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NBU expert: Industrial production down to pre-crisis level
Journal Staff Report

KIEV, Aug. 16 ??“ Gross domestic product growth is weakening because the volume of industrial production has nearly returned to its pre-crisis level of 1990 and the potential for revival is nearly exhausted, according to Valeriy Lytvytsky, senior advisor to NBU Governor Volodymyr Stelmakh.

Cumulatively measured gross domestic product may rise 5% to 5.5% during the remainder of 2005, he said, adding that the forecast may come true on condition of the successful completion of the agricultural campaign, accelerated processing of new harvest, an increase of agricultural export and revival of external demand for metals.




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