The Ukrainian government has worsened its macroeconomic forecast for 2015, and now expects GDP to fall by up to 11.9 percent.
The government said in a Decree No. 76 of Feb. 14, posted on its website, that there were three scenarios: for GDP to fall by 5.5 percent, 8.6 percent and 11.9 percent with inflation (December to December) being 26.7 percent, 38.1 percent and 42.8 percent respectively.
The last time the government updated its macroeconomic outlook for 2015 was in December last year, when two scenarios were projected – GDP decline of 2 percent or 4.3 percent with inflation (December to December) being 11.2 percent or 13.1 percent respectively.
