IMF Forecasts Reduction of Ukraine's GDP to Minus 6.5%

The International Monetary Fund forecasts reduction of Ukraine’s GDP to minus 6.5% in 2014.

This is said in the IMF World Economic Outlook, made public by the Fund on Tuesday. According to forecasts for 2015, it is expected that Ukraine’s GDP will demonstrate a positive dynamics at the level of 1%.

At the same time, the IMF experts forecast growth of consumer prices in the country by 11.4% in 2014 to 14% in 2015. The balance of payments index of Ukraine will remain at the level of minus 2.5% for this and next year.

In addition, the unemployment level in Ukraine in 2014 is expected at the level of 10%, however, in 2015 it will drop to 9.8%.

Source: ukrinform.ua

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