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  • Macroeconomic Forecast Ukraine - Stabilization and slow reforms

    03.05.2015

    Ukraine’s economy stabilized over the last two months but at a lower level than we previously expected. This reflected higher than expected impact of exchange rate instability (US dollar was worth UAH 18-20 in January, then UAH 30 in the middle of February and UAH 21-23 in March and April) on inflation and consumer demand. We expect economic activity to increase gradually over the next months and macroeconomic situation to stabilize in terms of lower inflation, less volatility in the exchange rate and low fiscal deficit. However, insufficient pace of reforms emerges as the key risk to economic stability.

    Issue:  No.4 (91) April 2015

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