Ukraine's economic growth could accelerate this year on higher exports as external conditions improve, the Ukrainian central bank said.
Ukraine's gross domestic product may rise as much as 5 percent in 2011, compared with 4.2 percent in 2010, the bank said late last week in a statement on its web site.
The economy may grow between 4 percent and 5 percent in 2012, according to the statement.
The country returned to growth last year after contracting 14.8 percent in 2009. GDP grew 6.5 percent in the first two months of this year, the central bank said.
Inflation this year should be in a range of 9 percent to 11 percent before slowing to 6 percent to 8 percent in 2012, the bank said.
Ukraine's current-account gap will probably widen to 3.6 percent of GDP this year, compared with 2.1 percent in 2010 and 2.5 percent estimated by the central bank for this year in January. The central bank sees Ukraine's foreign direct investments at $6.5 billion this year and $7.5 billion next year.
(Bloomberg)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
