Inflation in Ukraine in 2009 will be 16%, while its GDP will fall by 13.5%, according to the forecast of experts from the International Center for Policy Studies.
"The real GDP will fall by 13.5% over the year. The hryvnia [the official exchange rate] will fall to UAH 10 per $1 by late 2009 [the average rate over 2009 will be UAH 8.3 per $1]. Inflation will slow down from 22.3% to 16% in 2009 due to the decrease in consumer demand. The unemployment rate will grow to 10%," according to a report by the center referring to estimations made in August 2009.
