The government corrected GDP indicators and inflation up to 1.8% and 11.2% respectively, EP reports, quoting the MEDT’s press office.
According to the estimates of the Ministry of Economic Development, the GDP growth is expected subject to preserving macroeconomic stability.
The real GDP growth is forecast at 1.8%; the consumer price index (on the average annual basis) – 111.5%, consumer price index (December 2017 to December 2016) – 111.2%. The forecast indicators are close to IMF forecast, namely: 2% of GDP growth, the consumer price index (on the average annual basis) – 111.5%.
“Almost a year passed after the last forecast of macroeconomic indicators for 2017. During this time, there formed some essential factors, determining the corrections, namely: the imposition of economic sanctions by Ukraine, raising the minimum wage, changing the forecast of the dynamics of prices for key products, manufactured in Ukraine”, Minister of Economic Development and Trade Stepan Kubiv said.
“In addition, the production volumes of industrial and agricultural products and the nominal GDP growth volumes are larger than forecast for the last year. These factors determined the corrections of forecast indicators”, the Minister explained.
It should be reminded that the International Monetary Fund forecast Ukraine’s GDP growth at 2% with inflation of 10% as of the end of 2017.
Previously, the World Bank retained its forecast of Ukraine’s GDP at 2% in 2017.
Today, in the morning, it became known that MEDT will worsen the forecast of GDP growth.
