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Poroshenko expects Ukrainian GDP to grow in 2016
11.09.2015 14:11 "Agro Perspectiva" (Kyiv) —
"I expect that we will be able to show GDP growth in 2016," NRCU reports quoting the the Ukrainian President Petro Poroshenko as speaking at the 12th Annual Meeting of the Yalta European Strategy (YES) in Kyiv today.
As to the report, Poroshenko said that Ukraine had managed to considerably cut inflation, stabilize the financial and banking systems, and has implemented budgetary discipline.
"Am I optimistic about the economic situation? I would say «yes!» he said.
Reportedly, Poroshenko said that Ukraine will also improve its investment climate, regardless of any obstacle, thanks to tax reform, although the country requires the support of foreign investors.
He admitted that due to the Governments forecast as of Aug 2015, under the optimistic scenario, Ukrainian GDP will grow by 2% in 2016 with inflation of 12% (Dec against Dec). However, the Governments macroeconomic forecast also includes a pessimistic scenario, under which GDP will fall by 0.3% with inflation of 14.7%.
It is to be reminded, the International Monetary Fund (IMF) and the Ukrainian Government in the middle of this year had revised its GDP decline forecast downwards to 9% in 2015 with inflation of 45.8%.
At the same time, the National Bank of Ukraine (NBU) expects the GDP will fall by 9.5%, with inflation of 48%.
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