11:11 27.03.2014

Ukrainian govt anticipates GDP decline by 3% with 12-14% inflation in 2014

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Ukrainian govt anticipates GDP decline by 3% with 12-14% inflation in 2014

The Ukrainian government anticipates the country's GDP to fall by 3% with inflation reaching 12-14% in 2014, Prime Minister Arseniy Yatseniuk said.

"First, we anticipate GDP falling by 3%, and this will be only in the case that we adopt the package proposed by the government," Yatseniuk said.

"Second, we realistically assessed the inflation situation: the inflation level will be from 12% to 14% this year," Yatseniuk said at the Verkhovna Rada on Thursday.

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