- The Ukrainian economy has “cooled down” to the level of 2006.
- By the end of 2010 it’ll reach the level of 2007.
- The GDP growth in 2010 will be comparable with 2008.
- The inflation rate will be twice less.

Sources of growth:
- Increased competitiveness due to currency devaluation, decrease in real salary and cost cutting.
- The recovery of the global economy.
- The revival of bank loans and inflow of capital.

Scenario for 2010:

- Feb-March: following the Presidential election the political situation stabilises.
- April-May: strengthening of Hryvnya due to the inflow of “postponed investments”.
- April-June: revival of the labour market, improvement of consumer expectations, growth in consumption.
- Sept-Dec: Ukrainians start spending their savings on the durable consumer goods, increased consumption in “back to school” and “New Year” shopping seasons.
- Sept-Dec: Revival of the foreign direct investments inflow, increase in bank loans.
- Year 2011: high risk that the reforms will stop, no big growth, the situation will remain at the 2007 level.