KIEV, Dec. 25 – The real GDP fall in 2009 may be 9.9% and inflation could be no less than 19%, according to specialists from Phoenix Capital Investment Company.

"We expect that the downturn peak will be seen in Q1 2009, when the slump in the industry will spread on the service sector. The grounds for this scenario appeared in November 2008: over this month gross value added in the service sphere was 84% of the average monthly figure in January to October," reads a survey on the macroeconomic situation in Ukraine in 2009 drafted by the company's experts.