Archive 2004

  • Macroeconomic Forecast Ukraine No.1 (5)


    The real GDP is forecast to grow by 8.9% in 2004, and 7.5% in 2005.

    The major driving force for economic growth is expected to be private consumption, stimulated by tax reform.

    State consumption is expected to remain unchanged in real terms.

    Investments are forecast to slightly decelerate in 2004, but recover next year.

    Economic growth is expected to stimulate import demand, while a favourable world economic situation and economic growth in trade partners' countries are expected to fuel exports.

    The growth of value added in agriculture in 2004 is forecast at 8.0%, a welcome change from last-year's reduction.

    The continued growth of construction and machine building is forecast to satisfy a high investment demand both in 2004 and 2005.

    Inflation will reach 6.6% in 2004, but is expected to accelerate in 2005.

    Issue:  No.1 (5) April 2004
    Forecasting period:  2004 - 2005
    Attached file  (124.4 kb)

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