Just Released: "Ukraine Food & Drink Report Q2 2013"
We believe that Ukraine has now entered recession and do not expect to see a recovery in 2013. We have downgraded our real GDP forecast to -0.5%, from a previous forecast of 1.0%, underpinned by a weak export base and currency instability. Additionally, Ukraine's GDP per capita is expected to remain one of the lowest in Europe over the decade ahead. Without institutional and economic reform, Ukraine's current economic growth model will prove unsustainable over the coming 10 years.
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