Ukraine tops the ranking of the world's worst economies - Economist magazine
The Economist magazine has published a list of the world's 15 weakest economies, with Ukraine ranking first. Robert Ward, the publication's head of analysis, tweeted this .
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According to The Economist specialists, in the current month alone, Ukraine’s real GDP will show a decline of 6,3%. Ukraine is followed by Libya (GDP drop - 6,2%), Macau (6%), Equatorial Guinea (5,6%). Russia is also included in the TOP-15, partly because the Ukrainian government, despite the catastrophic damage to its own economy, decided to break traditional industrial ties with this state. The TOP 15 is closed by Greece, whose economy, according to the publication’s analysts, will not undergo significant negative changes in April.
In turn, Papua New Guinea became the leader of the TOP-15 fast-growing economies in the world (forecast for real GDP growth in April - 12%). Second place was taken by the Democratic Republic of the Congo (8%), and bronze went to Sri Lanka (7,9%).
As a reminder, the World Bank forecasts that Ukraine's real gross domestic product will contract by 7,5% in 2015, compared to a 6,8% decline in 2014. The National Bank of Ukraine (NBU) estimated a 15% decline in GDP in the first quarter of 2015.
Ukraine tops the list of the world's worst economies, according to The Economist.