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NBU forecasts Ukrainian 12% inflation in 2016
22.09.2015 09:17 "Agro Perspectiva" (Kyiv) —
As to forecasts of Ukraine’s Central Bank (NBU), the Ukrainian annual inflation rate has reached its peak in Apr 2015 and will continue to decline in 2016, slowing down to 12% in annual terms, UNIAN says referring to the NBU official Facebook page report.
As to the report, the NBU forecasts a 3.1% GDP growth in Ukraine in 2015.
As to the earlier report, within this year late Jun, the NBU downgraded its forecast regarding GDP decline in 2015 to 9.5% while raising its inflation forecast to 48% at year-end.
The fall of Ukraine’s GDP in Q2 of 2015 slowed to 14.6% in annual terms, after tumbling 17.2% in Q1.
In meanwhile, the Cabinet is considering three scenarios for the development of Ukrainian economy in 2015, due to which the fall of the country’s GDP is expected to stay between 11.9% to 5.5%.
As to the forecasts of the International Monetary Fund and the European Bank for Reconstruction and Development, Ukraine’s GDP in 2015 will drop by 9% in 2015, while the World Bank predicts a 7.5% fall.
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