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The economic development Ministry predicts inflation in Ukraine

Минэкономразвития прогнозирует снижение инфляции в УкраинеThe economy Ministry hopes that next year inflation will decrease by 4%.

The growth of Ukraine’s GDP in 2017 is expected at the level of 1.8% with an inflation rate of 12.2%, said in the “consensus forecast” of the Ministry of economic development and trade.

At the same time in 2018 the growth will be as budgeted 3%, but inflation will be 1% above budget projections and will amount to 8%.

The Ministry also forecast that in 2019 the increase in GDP is 3.6% with an inflation rate of 5.9%, and in 2020 – 4% with an inflation rate of 5%.

As you know, in the budget for 2017 the growth of the economy was laid at 3% and inflation to 8.1%.

“Consensus” is the averaged values of the main forecasted indicators of economic development of Ukraine, which are calculated on the basis of expert assessments.

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