“Nominal growth of 4.8 percent was taken into account in the forecast for
GDP for 2014, while actually in H1, 2014, nominal GDP fell by 1.1 percent,
according to the preliminary assessment of the State Statistics
Service,” reads the document.
The cabinet assesses the real fall of the Ukrainian economy in H1,
2014 at 2.3 percent and 3 percent in certain extracts of its explanatory note.
The government also said that the International Monetary Fund (IMF)
worsened its projection for GDP fall this year from 5 percent to 6.5 percent.