The world Bank has worsened the inflation forecast for Ukraine
By the end of 2017, inflation in Ukraine will amount to 10%.
This forecast of the world Bank, UNIAN. The previous figure was half a percent lower at 8.5%.
Lead economist of the world Bank office in Ukraine, Belarus and Moldova Anastasia Golovach said that the cause of the deterioration in the forecast was the increase in two times the minimum wage from 1 January 2017 to 3.2 thousand UAH.
At the same time the world Bank are convinced that Ukraine’s GDP for the year will increase by 2%.
“The Outlook for economic growth remains moderate. There are several problems that will be in contact with Ukraine. At the moment we are forecasting economic growth of 2% for 2017,” – said world Bank Director for Ukraine, Belarus and Moldova satu Kähkönen.
“We have good news: the acceleration of the pace of reform could accelerate the growth of Ukraine’s economy to 4% in the next two years”, – said the coordinator of the sector of poverty reduction and macroeconomic policies of the world Bank Farooq Khan.
The representative of the world Bank recalled that the growth of Ukraine’s economy in 2016 was 2.3%.
Earlier , the national Bank said the blockade ORDO will affect the hryvnia exchange rate and GDP growth.