KIEV, May 18 – The real growth of Ukraine's GDP in 2008 will slow down to 5.5%, and in 2009 it will further decline to 5%, from 7.6% in 2007, the RZB Group forecasts.

According to the economic forecasts until 2020, announced at the Business Forum held as part of the EBRD's 2008 Annual Meeting and in Kiev, RZB expects a decline in the pace of economic growth in Ukraine, as well as in Russia and Belarus in 2011-2015 to 4%, and in 2016-2020 economic growth is projected at 3% compared to about 2% over the whole period in the Eurozone.