Macroeconomic forecast

  • Macroeconomic Forecast Ukraine - Tax reform is in agenda


    Real GDP is likely to decline by 10-11% in 2015, as we indicated in August. In particular, domestic demand recovers at a slower space, while external demand remains weak. However, economy likely passed the bottom in the third quarter and if most of our assumptions hold, real GDP is expected to grow by over 2% in 2016. Announced for next year tax reform is not likely to affect economic situation substantially in 2016. In the medium run, promised reduction of some taxes, uniform rates and fair tax administration might improve investment climate and boost economic growth.


    Issue:  No.9 (96) September 2015

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