Friday, April 16, 2010

Is the crisis in Ukraine over? I do not think so

Ukrstat reports:

Industrial production in January-March 2010 grew 11%
but
Retail trade in January-March is 3% below the same period of 2009 and 17% below the level of 2008
and the really bad piece of statistics
Construction in January-March 2010 is 80% of the 2009 level and only 34% of the 2008 level

Therefore, I see that the externally oriented industries are moving towards the healthy recovery but internal demand and investments are still in very bad shape.

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