EBRD worsens forecast for Ukraine's GDP fall in 2015 to 9%

18:02, 05.06.2015 1 min read

The European Bank for Reconstruction and Development (EBRD) has worsened the outlook for Ukraine's GDP fall in 2015 to 9%, while in May this year it estimated the figure at 7.5%, in January - 5%.

"We've recently upgraded our forecast in accordance with the figures, now predicted by the government jointly with the IMF - 9%," EBRD Director for Ukraine Sevki Acuner said at a press conference in Kyiv.

The national budget of Ukraine for 2015 is built on the optimistic scenario of development, providing for a fall in GDP of 5.5% with inflation being 26.7%, while the other two scenarios assume a fall in GDP of 8.6% and 11.9% with inflation being 38.1% and 42.8% respectively.

At the same time, the IMF in late May after talks with Ukrainian authorities worsened its forecast for GDP decline in the current year to 9%, inflation - to 46%.