KIEV, May 20 - Moody's Investors Service projects gross domestic product growth in Ukraine in 2008 at 5.9% with inflation at 14.5% (December over December).

According to Moody's, in 2009, Ukraine's GDP is expected to grow by 6.5%, while inflation is forecasted to drop to 12%.

Moody's predicts Ukraine's nominal GDP in 2008 at $162.7 billion, and in 2009 it is projected at $194.1 billion.