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World Bank forecasts 16.4% inflation in Ukraine

The World Bank's senior economist Ruslan Piontkovsky has predicted that Ukraine's GDP will go down by 9% in 2009, while inflation will reach 16.4%. The previous forecast made in December 2008 was more optimistic: GDP 4% down, inflation 13.6% up.

The Ukrainian GDP grew by 2.1% in 2008.

Meanwhile, the Ukrainian government expects the GDP to grow by 0.4%, inflation to slow down to 9.5%.

April 7, 2009
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