You're reading: IMF upgrades inflation forecast for Ukraine in 2012 by 1.9 notches

The International Monetary Fund (IMF) is keeping its forecast for Ukrainian GDP growth in 2012 at 3%, while inflation forecast was upgraded to 6% (December on December) from 7.9% (according to the assessment in April 2012).

According to the World Economic Outlook (WEO) published by the IMF on
Tuesday, in 2013 it is anticipated that GDP in Ukraine will accelerate
to 3.5% with 5.9% inflation.

The IMF improves its forecast of the deficit of the current account
of Ukraine’s balance of payment this year from 5.9% of GDP to 5.6%. The
forecast for 2013 downgraded from 5.2% to 6.6% of GDP.

As reported, the Ukrainian government in the national budget for 2012 foresaw growth of real GDP by 3.9% and inflation of 7.9%.

Ukraine’s GDP in January-August 2012 tentatively slowed to 1.5%
compared to 2% in January-July 2012. In January-September 2012 consumer
prices in Ukraine fell by 0.3%.

Ukraine’s GDP growth accelerated to 5.2% in 2011 compared to 4.2% in
2010. Inflation in Ukraine in 2011 slowed to 4.6% from 9.1% a year ago.
The deficit of the current account in 2011 expanded to 5.5% of GDP from
2.2% in 2010.