The IMF made a consolation for Ukraine

GDP in 2017 is expected to reach 2% and inflation is 10%.

The international monetary Fund (IMF) has confirmed the forecast of growth of gross domestic product of Ukraine in 2017 at 2%. This is stated in the overview of the economies of Central and South Eastern Europe (CEE Outlook), published on the IMF website on Thursday, may 11.

Fund analysts have also maintained the growth forecast for Ukraine’s GDP by 2018 at the level of 3.2%.

The IMF also reiterated its forecast of inflation in Ukraine at the 10% level in 2017 at 7% in 2018. However, he improved the rating of the current account deficit of the balance of payments in the current year to 3.6% from 3.7% of GDP (after the fourth review of the EFF) in the next year – to 2.9% from 3% of GDP.

In addition, the Fund has improved expectations regarding the growth of the ratio of gross external debt of Ukraine to GDP in 2017. According to the forecast Fund, the corresponding figure will increase to a 127.4% of GDP, with 123,8% of GDP (previously expected to 136,3%) and in 2018 will drop to 126,3 percent of GDP.

© 2017, paradox. All rights reserved.