IMF revises upwards forecast for Ukraine's GDP-to-foreign debt ratio growth in 2016-2017
The International Monetary Fund (IMF) has revised upwards expectations regarding the ratio between Ukraine's gross foreign debt and GDP in 2016-2017.
According to the IMF, the indicator will grow to 141.3% of GDP from 136.4% of GDP (earlier it was excepted to 152.3% of GDP) and in 2017 it will fall to 136.3% of GDP (earlier to 140.3% of GDP), according to the Central, Eastern, and Southeastern Europe (CESEE) Regional Economic Issues posted on the IMF's website on Tuesday.
Other macrofinancial forecasts for 2016 and 2017 were left unchanged. Ukraine's GDP will grow by 1.5% in 2016 and by 2.5% in 2017. Inflation will be 13% in 2016 and 8.5% in 2017. The balance of the current account will be minus 1.5% of GDP and minus 2.1% of GDP, respectively.
