Economy of Ukraine is step by step coming out of crisis, says President of the Centre of Economic Development Oleksander Paskhaver.

"I think that crisis in Ukraine is over. We are growing, we stopped falling. We are growing slower than last year," he reported at a press conference on the macroeconomic situation in Ukraine in the first half of 2009.

According to the specialist, production in the real sectors of the economy stopped falling in the January-March period and in other branches in April. If Ukraine's GDP in the first quarter of 2009 fell by 20.5% year by year, in the second quarter it dropped by 19%, according to approximate estimates.

"No doubt, the economy is recovering now. The fields that are in the vanguard are getting recovered faster, and then they are pulling others out. The recovery continues for five or six months so far," he added.

At the same time, he noted, consumer demand in the country remains not high, which is predetermined by the fact that nations does not trust in state institutions, the hryvnia, as well as by a decline in wages and salaries.

As Paskhaver mentioned, amid the crisis many countries are encouraging consumer demand, while our country does not take any measure to do this. Among other considerable risks for the economy in addition to a decline in consumer demand are also a halt to issuing bank credits and a slow adjustment of export dynamics, he added.