Ukraine's central bank on Thursday downgraded its forecasts for both inflation and the economic growth in the country this year, citing worsening economic environment.
"We see stability neither in the banking sector nor in the macroeconomic performance," Valeria Gontareva, Ukraine's central bank governor, said during an investment forum here.
Gontareva said that the projection of the country's gross domestic product (GDP) growth for 2014 was revised down to a contraction of 7.5 percent from the previous estimate of a 7 percent shrink.
Meanwhile, the inflation in Ukraine is expected to reach 25 percent in 2014 against 19 percent estimated earlier, she added.
Ukraine is now experiencing its worst economic crisis since independence in 1991 due to the unrest in eastern regions and exports decline.
The country' s GDP shrank 5.1 percent year-on-year in the third quarter of 2014, while the consumer prices have surged 19 percent in January-October.
GMT 05:55 2018 Tuesday ,23 January
US tax reforms send UBS profits plungingGMT 13:12 2018 Sunday ,21 January
CBB signs memorandum of understanding with DFSAGMT 04:49 2018 Saturday ,20 January
HSBC in $100 million forex fraud settlementGMT 14:14 2018 Wednesday ,17 January
Strong euro 'source of uncertainty' for ECBGMT 17:00 2018 Tuesday ,16 January
IMF 'concerned' by Kiev's plan for anti-corruption courtGMT 19:29 2018 Monday ,15 January
Central Bank issues commemorative coin for Dh189GMT 06:05 2018 Sunday ,14 January
Bitcoin shouldn't become the new Swiss bank accountGMT 21:23 2018 Wednesday ,10 January
BCCI elections committee holds second meetingMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor