Managing Success

March 2005 | Market Strategy

Managing economic success is one of the key challenges facing the new Ukrainian government. Even though real GDP growth is likely to remain strong at 8.0% this year after last year's 12.0% expansion, and the current account surplus is set to see only a small contraction from 10.7% of GDP to 7.9% of GDP, the government needs to engineer a sustainable economic growth path. For now, the global environment and strong outlook for Ukraine's commodity exports are buoying the economy, but economic diversification is essential going forward, as is making the country an attractive destination for FDI.

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