Page 21 - UKRRptNov18

The consumer price growth forecast for 2018 was left unchanged, whereas the figure for 2019 was improved to 6.2% from 6.5%.
The IMF also revised upwards the deficit of the current account of the country's balance of payment for 2018, to 3.1% of GDP from 3.7% of GDP, downgrading the figure for 2019 to 3.5% from 3% of GDP.
In the five-year term, the deficit of the current account of the balance of payments is expected to decrease to 3.1% (growth to 4% was projected in April).
In addition, the IMF experts revised the forecast of unemployment in Ukraine: the estimate for 2018 was worsened to 9.4% from 9.2%, for 2019 - to 9.2% from 8.8%.
The World Bank last week worsened the forecast for Ukraine's GDP growth in 2018 to 3.3% from 3.5% and in 2019 to 3.5% from 4%.
Ukraine: Key economic figures and forecasts
2011 2012 2013 2014 2015 2016 2017e
Nominal GDP (EUR bn) 116.9 135.2 135.3 99.9 81.4 78.3 84.8
Nominal GDP per capita (EUR) 2,573 2,987 3,341 2,332 1,904 1,737 1,994
Real GDP (% yoy) 5.5 0.2 0 -6.6 -9.8 2.3 2.0
Consumer prices (avg, % yoy) 8 0.6 -0.2 12.1 48.7 14.9 14.5
Unemployment rate (avg, %) 8.7 8.2 7.8 9.7 9.7 9.7 9.3
General budget balance (% of -1.8 -3.8 -4.4 -4.9 -2.3 -3.5 -3 GDP)
Public debt (% of GDP) 36.4 37.1 40.7 52.9 72.6 81.3 84.9
Current account balance (% of -6.3 -8.2 -9.2 -3.5 -0.2 -3.7 -5.2 GDP)
Gross foreign debt (% of GDP) 77.6 76.5 79.3 95.2 131.5 142.9 142.5
EUR/LCY (avg) 11 10 11 16 24 30 31
Source: national sources, wiiw, RBI/Raiffeisen RESEARCH
21 UKRAINE Country Report November 2018 www.intellinews.com