KIEV, Sept. 9 - Ukraine's GDP will contract by 14% with an inflation rate of around 13% in 2009, according to a memorandum developed by the country's authorities and unveiled recently by the International Monetary Fund.
The document, dated July 23 and only published on Tuesday, worsens the GDP decrease forecast from 8% (as posted in last review of the IMF partnership plan in spring of this year). However, the IMF's inflation forecast was improved against an earlier figure of 16%.
Ukrainian authorities forecast that the country's balance of payments will show a surplus coming to 0.5% of GDP.
The memorandum said that Ukrainian authorities expect economic growth of 3% in 2010 thanks to anti-crisis measures.
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