GDP growth in Ukraine in 2011 is expected accelerate to 4.5%, while inflation would slow to 10.8%, according to new government forecasts.
The macro forecast was approved by the Ukrainian cabinet on Wednesday, Vice Premier Sergiy Tigipko said.
"We plan 4.5% GDP growth next year. Inflation is expected at 10%, maybe 10.8%, taking into account decisions made by us," he said at a press conference in Kyiv.
Tigipko said that nominal GDP growth in 2011 is expected at UAH 1.253 trillion.
He said that the deficit limit of the consolidated budget of Ukraine in 2011 would be cut to 3.5%, including a cut in the deficit of the national budget to 3%.
Tigipko added that the National Bank of Ukraine (NBU) has not given its forecast for the hryvnia exchange rate for 2011, so a rate of UAH 7.95/$1 is being used as the basis for calculations in the draft national budget for 2011.
The said macro-forecast is very close to the assessments of the International Monetary Fund (IMF).
The government expects GDP growth of 3.7% this year, with 12.3% inflation.
