Kiev - The Ukrainian government worsened official predictions for the economy on Wednesday, halving expected annual GDP growth for 2009 to between 3 and 4 per cent.
The former Soviet republic's economy already has moved into a full recession, with GDP contracting 2 per cent during December alone, and annual inflation standing at 21 per cent, a Ministry of Economy official said.
Ukraine's Ministry of Economy as recently as June had been estimating that the country would over the course of 2008 see 7 per cent annual GDP growth, and 15 per cent inflation.