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Cabinet put off inflation growth draft forecast
14.04.2008 15:32 "Agro Perspectiva" (Kyiv) —
Cabinet has shifted examination of Ukrainian economy 2008 macroindices amendments draft forecast (stipulating inflation forecast boost from 9.6% up to 14.3%) over to next session, reported Cabinet representative. As to representative, draft forecast also stipulates 2008 nominal gross domestic product (GDP) forecast growth from UAH921 milliard up to UAH945 milliard. As to Agro Perspective earlier report, Ukrainian 2008 first quarter inflation was 9.7% (in annual terms – 26.2%), up against initial forecast. As to Agro Perspective, within this year Feb Government had already revised inflation macroforecast (however, Government had just raised 2008 nominal gross domestic product (GDP) forecast from UAH889 milliard up to UAH921 milliard due to 2007 high inflation, – 16.6%).
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