The IMF Worsens Economic Forecast For Ukraine.

The IMF worsened its Ukraine’s GDP forecast for 2006 from 5% to 2.3% and put the CPI rate at 13%. At the same time, IMF expects GDP growth to accelerate in 2007 to 4.3% and inflation to slow to 12.5%. Additionally, according to the IMF’s estimates, Ukraine’s current account balance in 2006 will be positive at 1.2% of GDP and will turn negative in 2007 to 2.1% of GDP. Concorde Capital: We estimate GDP to grow at 3% and inflation to be at 10% in 2006.