Government predicts acceleration of GDP growth
2011-04-07 14:17:11
Ukraine's real gross domestic product (GDP) will grow by 6.5% in 2012, with inflation (December over December) expected at 7.9%, the Cabinet of Ministers has predicted.
According to the draft of the main guidelines of budgetary policy for 2012, which were tabled in parliament and published on Wednesday, April 6, the predicted calculations of the main macroeconomic figures foresee the average annual exchange rate of UAH 7.90-8.00/USD 1. Nominal GDP is projected at UAH 1.476 trillion (UAH 7.96 / USD 1). The Cabinet of Ministers notes that the macroeconomic figures could be specified upon the receipt of actual figures in 2010 and operational statistics in 2011. The government's forecast envisages GDP growth in 2011 at 4.5% and inflation at 8.9%. Last year, GDP grew by 4.2%, whereas inflation was 9.1%.