(MENAFN) The World Bank (WB) stated that it has lowered its economic growth forecast for Ukraine to 2 percent from 2.5 percent for the current year, reported Xinhua News.
The bank attributed the move to Ukraine's economic exposure to the euro zone debt crisis, in addition to weak external demand, which affected the country's exports.
The new forecast is compared with a prior one of 4 percent for 2012, with the bank advising the government to execute structural reforms to speed up economic expansion.
It is worth noting that Ukraine's 2013 economic growth is expected to be at 3.5 percent, according to the World Bank.
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