The government forecasts price growth to the end of the year on 9,9%

Правительство прогнозирует рост цен до конца года на уровне 9,9%

The Cabinet of Ministers during the regular session on Wednesday has approved presented by the Ministry of economic development and trade (MEDT) “Forecast of social and economic development of Ukraine for 2019-2021 years.”

As reported, the document assumes in the baseline scenario, the growth of the gross domestic product of Ukraine (GDP) in 2019 will slow from 3.2% achieved by the end of 2018, up 3%, but then accelerated to 3.8 percent in 2020 and 4.1% in 2021.

It is also expected a slowdown in the growth of the consumer price index to the end of the year to 9.9% from 13.7% last year, and then to 7.4% in 2019, to 5.6% in 2020 and 5% in 2021.

The forecast is built on the basic assumption of gradual devaluation of the hryvnia is not more than 3.2% per year, or to 30.7 UAH/$1 (plus or minus 2 UAH) to the end of 2021.

In addition, the author of the document expects the opening of the International monetary Fund (IMF) the new program of cooperation with Ukraine in 2020.

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