The National Bank of Ukraine believes that forecasts on GDP growth for 2010, which were earlier prepared by the Yulia Tymoshenko's government, are realistic. The NBU's executive director for economic issues, Ihor Shumylo, gave this prognosis during an investment conference organized by the investment company Dragon Capital in Kyiv on Thursday.
"The estimate that was sounded regarding GDP growth in 2010 against 2009 coming to 4% is quite balanced and realistic," he said.
It was earlier reported that the Ukrainian government approved a macroeconomic forecast in autumn 2009 that foresees 2010 GDP growth at 3.7% with inflation standing at 9.7%. After the change in the Ukrainian government in March 2010, the new Cabinet of Ministers started preparing a revised macroeconomic forecast.
According to the Presidential Administration, earlier government estimates, which could also be revised, forecast GDP growth this year at 3%-3.1% with inflation standing at 3%-3.1%
Ukraine' GDP in 2009 dropped by 15% in comparison with the previous year.
The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.
Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the
www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials
contained on this site are protected by copyright law and may not be reproduced without the prior
written permission of Public Media at email@example.com
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal
use only. Its reproduction or distribution in any form is prohibited without a written permission of