Tuesday, April 8, 2008

World Bank worsens inflation forecast in Ukraine

The World Bank has worsened Ukrainian inflations forecast from 13.8% to 17.2% in 2008.

The GDP forecast for 2008 is uncharged - 5.5%.

Under the forecast, the 2009 inflation will be 13%, and 9.9% in 2010.

In late January, the World Bank preserved GDP rise forecast for Ukraine at the level of 5.5%, and worsened inflation forecast from 9.6% to 13.8% in 2008.

In March, inflation was 3.8%, and in January - March 9.7%.

The 2008 budget was based on inflation forecast of 9.6%, with a real GDP rise of 6.8%.

The 2007 inflation totaled 16.6%.