Macroeconomic Forecast Ukraine

April 2007 | Macroeconomic Forecasts

We expect that the economy will experience a further year of solid economic expansion, with our current 2007 real GDP forecast standing at 6.0% (slightly down from an estimated 7.0% in 2006). Robust private consumption constituted one of the main drivers of economic growth in 2006, which was reflected by strong import demand, an ongoing surge in domestic credit and strong retail sales, which increased by more than 28% y-o-y in January 2007. Despite a slight easing (due to further increases in household

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