Archive 2007

  • Macroeconomic Forecast Ukraine No.2 (12)


    The real GDP growth is estimated to stay at 7.2% in 2007, but a deceleration of growth to 6.1% is forecast for 2008.

    The deceleration of real GDP growth is attributed primarily to slower development of households' consumption.

    Investment activity is expected to remain high both in 2007 and 2008, despite political turmoil and increased cost of borrowing.

    The trade deficit is expected to preserve in 2008 due to higher import prices, despite the slowdown of growth rates of real imports.

    Manufacturing growth is forecast to slowdown in 2008 due to higher input prices and lower domestic demand.

    Consumer inflation will accelerate in 2008 and reach 14.6% as annual average compared to 12.8% in 2007.

    Issue:  No.2 (12) December 2007
    Forecasting period:  2008

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