KYIV, Jan 16 – Experts from the Kyiv School of Economics (KSE) in their updated macro forecast have worsened their expectations for average annual inflation in 2025 to 12.1% from 8.8% in the previous October forecast, while maintaining their estimate for real GDP growth this year at 3.6%.

"Consumer price inflation rose to double-digit values at the end of 2024 and is projected to continue growing by mid-2025, and will slow down in the second half of the year as a result of the tightening of the NBU's monetary policy," the KSE team said in its January macro forecast.