Home
/
News
/

IMF Improves Economic Growth Forecasts for Ukraine

IMF Improves Economic Growth Forecasts for Ukraine

18 October 2008

The International Monetary Fund announced yesterday in its World Economic Outlook report that it has upgraded its forecasts for GDP and CPI growth in Ukraine for 2007 and 2008. The IMF’s new 2007 forecast for GDP growth was revised to 6.7% from 5.0% (vs. our estimate of 7.3%); average yearly inflation – 11.5% from 11.3% (vs. our projection of 12.0%). In 2008, the IMF is now forecasting a 5.4% rise in GDP and the CPI to increase by 10.6%, compared to our forecasts of 6.8% and 9.0% respectively. In contrast, the report lowered the IMF’s view on Russian and Global economic growth next year, dropping its 2008 GDP growth estimate for the Russian Federation from 6.8% to 6.5% and global forecast from 5.2% to 4.8%. The IMF also upgraded its projection of Ukraine’s 2007 current account deficit from 4.1% of GDP to 3.5%, which is in line with our forecast.

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...