The Ukrainian economy is in severe doldrums, and shows no promise of near-term revival. The GDP growth has easily plunged more than 20% y/y in Q1 and we expect 13.2% shrinkage for 2009. The country is grappling with a demand-driven crisis, and so far we can’t see prospects for demand revival. The full report could be obtained through subscription at Global Source (www.globalsourcepartners.com). Trial access is available.