KIEV, Oct. 16 – The World Bank has retained its forecast for the fall in Ukraine's gross domestic product in 2009 at 15% and revised upwards the GDP growth forecast in 2010 from 1% to 2.5%, World Bank senior economist Ruslan Piontkivsky said.

He said inflation in Ukraine in 2009 is projected at up to 14%, and in 2010 at up to 11%.

As the World Bank said, the Consumer Price Index growth in 2009 is expected at 13.8%, and in 2010 at 10.6%. Ukraine's nominal GDP in 2009 is forecast to shrink to UAH 912.3 billion, down from UAH 949.9 billion in 2008, while in 2010 it is expected to expand to UAH 1.032 trillion.