Will crisis worsen in autumn?

Prime Minister of Ukraine Yulia Tymoshenko does not believe that Ukraine will suffer from the second wave of the economic crisis.

“I do not want to believe in the second wave of the crisis,” Tymoshenko said, having noted again that for today economy of the country demonstrates recovery.

According to PM, the majority of economic experts say that the peak of crisis in the world has passed.

“There are some conclusions which show that the second wave of the crisis can happen, but the majority of economic experts say that the peak of crisis in the world has passed. And now Ukraine with the whole world begins to improve its economic rates,” Tymoshenko said.

At the same time, the experts threaten Ukraine with the second wave of the crisis which will cover us in autumn. Is it true?

Mykhaylo Chechetov, MP from the Party of Regions:

Yulia Tymoshenko would have been right in case of stability and unity of the power and in case the efforts on solution of the crisis are made jointly. But escalation of political crisis is observed in Ukraine, caused by coming presidential election campaign, so there will be no economic improvement in Ukraine.

For today there are no improvements and recovery of the Ukraine’s economy. Even very “adjusted” data of the state statistics are not positive.

Vasyl Yurchyshyn, director of economic programs center named after Razumkov:

For today fundamental factors of recovery of economy are not observed in Ukraine. The government manipulate with some rates and statistics figures.

Taking into consideration that our country already for 3-4 months is in condition of “stable instability”, we have possible reached the very bottom. It is difficult to say whether the second wave of the crisis will affect Ukraine, but it is quit possible.

Vsevolod Stepanyuk, head of economic programs of international humanitarian fund:

There are no objective reasons for the second peak of the economic crisis. But there are more than enough subjective reasons for this. In autumn we should expect hryvnya rate instability. So tense in bank sector and financial markets will be observed. We will se whether the power will manage to overcome it. But current actions of the NBU and government leave much to be desired.