News
2009/6/22
On June 22, 2009, The Bleyzer Foundation participated in the next (fourth) macroeconomic consensus forecast conducted by the Ukrainian business magazine Expert.
An invitation to participate in the project was extended to leading companies and institutes making regular macroeconomic forecasts for Ukraine. Data for the consensus forecast were provided by Astrum Investment Management, Dragon Capital, The Bleyzer Foundation, Concorde Capital, the Expert magazine, Alfa Bank (Ukraine), the Institute of Economic Research and Political Consultations, OTP Bank, Phoenix Capital, Sokrat, UkrSibbank, International Center of Prospective Research, Forex Club, and Institute of Economics and Forecasting under the Ukrainian National Academy of Sciences.
The participants of the consensus forecast downgraded their 2009 expectations for Ukraine’s economic decline yet again. While in March the real GDP decline was predicted at 9%, in June the forecast median came down to 12.8%.
Projected indicators were downgraded in almost all economy sectors. In particular, the forecast for industrial production worsened from 17.5% to 18%, and for construction – from 35% to 35.5%. Real investment projections fell the lowest – from 21% to 23.8%. Consensus forecast for real consumption dropped another half percent (down to 13.9%). As a result, the consolidated forecast of economic downturn deteriorated by as much as one point five percent – from 11.3% to 12.8%.
At the same time, the consensus forecast participants expect a number of macrofinancial indicators to improve.
http://www.expert.ua/articles/9/0/6957/
An invitation to participate in the project was extended to leading companies and institutes making regular macroeconomic forecasts for Ukraine. Data for the consensus forecast were provided by Astrum Investment Management, Dragon Capital, The Bleyzer Foundation, Concorde Capital, the Expert magazine, Alfa Bank (Ukraine), the Institute of Economic Research and Political Consultations, OTP Bank, Phoenix Capital, Sokrat, UkrSibbank, International Center of Prospective Research, Forex Club, and Institute of Economics and Forecasting under the Ukrainian National Academy of Sciences.
The participants of the consensus forecast downgraded their 2009 expectations for Ukraine’s economic decline yet again. While in March the real GDP decline was predicted at 9%, in June the forecast median came down to 12.8%.
Projected indicators were downgraded in almost all economy sectors. In particular, the forecast for industrial production worsened from 17.5% to 18%, and for construction – from 35% to 35.5%. Real investment projections fell the lowest – from 21% to 23.8%. Consensus forecast for real consumption dropped another half percent (down to 13.9%). As a result, the consolidated forecast of economic downturn deteriorated by as much as one point five percent – from 11.3% to 12.8%.
At the same time, the consensus forecast participants expect a number of macrofinancial indicators to improve.
http://www.expert.ua/articles/9/0/6957/