The International Monetary Fund (IMF) has revised upwards expectations regarding the ratio between Ukraine’s gross foreign debt and GDP in 2016-2017.
According to the IMF, the indicator will grow to 141.3% of GDP from 136.4% of GDP (earlier it was excepted to be 152.3% of GDP) and in 2017 it will fall to 136.3% of GDP (earlier to 140.3% of GDP), according to the Central, Eastern, and Southeastern Europe (CESEE) Regional Economic Issues.
Other macrofinancial forecasts for 2016 and 2017 were left unchanged. Ukraine’s GDP will grow by 1.5% in 2016 and by 2.5% in 2017. Inflation will be 13% in 2016 and 8.5% in 2017. The balance of the current account will be minus 1.5% of GDP and minus 2.1% of GDP, respectively. (Interfax/Business World Magazine)
