icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Ukraine named worst performing economy in 2015- The Economist

Ukraine named worst performing economy in 2015- The Economist
Ukraine has the fastest falling economy of 2015 according to the British periodical The Economist. The country has seen its GDP shrink by 6.5 percent since last April, with countries like Libya and Macau performing better.

The Ukrainian economy showed the most significant deepening recession compared to the rest of the world, according to the data, published on Wednesday by the head of the analytical department of the Economist Robert Ward. The research compared the one-year GDP growth of countries since April 2014. Libya’s economy dropped by 6.4 percent while Macau which turned out to be the third worst performing economy, experienced a 6 percent GDP decline. Equatorial Guinea came out fourth with a 5.5 percent GDP decline and fifth place went to Russia as its GDP fell by 4 percent.

15 worst performing economies in 2015. Incl two #BRICS#Venezuela#Ukraine#Cyprus and #Greece (EIU Apr forecasts). pic.twitter.com/vbtcMWmeeG

— Robert Ward (@RobertAlanWard) April 29, 2015

Greece took fifteenth place, the country’s GDP showed a very slight decrease, according to the Economist.

READ MORE: https://www.rt.com/business/253385-ukraine-economy-recovery-nbu/

On Monday, the head of Ukraine’s National Bank Valeria Gontareva said that the country’s economic recession had hit bottom and predicted gradual recovery starting from the second quarter of 2015. Later on Wednesday, the World Bank lowered Ukraine’s economic outlook, projecting the country’s GDP will fall 7.5 percent in 2015.

READ MORE: Default in Ukraine ‘virtual certainty’: S&P cuts foreign currency rating to ‘CC’

The Economist also published a ranking of the fastest growing economies in the world up to April, which puts Papua New Guinea on top. Five African countries are among the world's fastest growing economies. BRICS countries are represented by India at number six and China ranked as the twelfth fastest growing economy.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.

Podcasts