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Archive 2011

  • Monthly Economic Monitor Ukraine No.1 (123)

    17.01.2011
    • Public administration reform brought about only limited changes.
    • Real GDP growth slowed to 3.4% yoy in the third quarter of 2010 due to change in net exports.
    • Grain export quotas were extended until March.
    • Financial account surplus was only USD 0.3 bn as demand for foreign cash continued in November.
    • The State Budget Law for 2011 was approved with a central fiscal deficit at 3.1% of GDP.
    • Social standards will be increased in line with officially projected inflation in 2011.
    • Total central fiscal transfer to the Pension Fund is expected to remain high at 18.1% of fiscal expenditures in 2011.
    • Consumer inflation was 9.1% yoy in December due to limited consumer demand and government actions.
    • In December demand for cash foreign currency was at its highest level since September 2008.
    • HIGHLIGHT OF THE MONTH: 2010
    Issue:  No.1 (123) January 2011
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