KIEV, Nov. 8 – The forecast for Ukraine's GDP growth for 2013 has been downgraded by 0.2 percentage points compared to the July estimates, to 0.1%, and for 2014 by 1.4 percentage points, to 2.5%, according to a quarterly report on the projections of rapidly growing markets prepared by Ernst & Young on the basis of the Oxford Economics calculations.

"In 2014, we expect GDP to grow by 2.5%, which could gradually increase to 5% in 2016. However, political instability in the light of the presidential elections in early 2015 might affect the economic outlook," reads a statement, the text of which is available on the Web site of Ernst & Young.