4
1
0
0Ukraine Experience Second Month of Deflation
- New Europe Investor
- September 09, 2015
Following inflation in the Ukraine that had peaked at 60.9% year on year in April, the country is now experiencing month on month deflation.
Statistics for June show that month on month deflation was 0.4%, with the previous month showing deflation of 1%.
Inflation in the Ukraine for the first eight months of 2015 is 38.2%, with government forecasts predicting that it will fall to 26.7% for 2015 by the end of the year.
The country’s budget takes into account that GDP in the Ukraine will fall by 5.5% this year.
The IMF, who are currently working with the country offering it a loan package, has considerably worse predictions than government forecasts. They say that 2015 will see a fall in GDP of 9%, with inflation for the year being 45.8%.
President Petro Poroshenko has taken credit for the fall in inflation. Speaking in Kiew, he added that the restructuring of debt to private creditors by his government has opened economic opportunities for the country.
Related Articles
-
Estonian Economy Shows 2% Growth
Estonian Economy Shows 2% Growth
September 10, 2015Second quarter growth in 2015 for the Estonian economy registered at 2% compared to the same period last year. According to Statistics Estonia, the GDP of the country is €5.2 billion, and the [...]
-
Croatian Exports Growing Impressively
Croatian Exports Growing Impressively
September 09, 2015Croatian exports for the first six months of 2015 increased by 12.2% compared to the same period last year according to the Central Bureau of Statistics (CBS). During this time, imports [...]
-
IMF Chief Happy with Pace of Reforms in the Ukraine
IMF Chief Happy with Pace of Reforms in the Ukraine
September 07, 2015The Ukraine has achieved macroeconomic stability according to the head of the IMF, Christine Lagarde. Following a meeting in Kiev with President Petro Poroshenko, she said she was very impressed [...]
-
Poland Represent 35% of Largest CEE Companies
Poland Represent 35% of Largest CEE Companies
September 03, 2015According to the 2014 edition of the Coface CEE Top 500 ranking, 176 of the largest CEE companies are Polish. The report, which ranks companies in terms of turnover from Poland, Czech Republic, [...]
-
Czech Unemployment at Impressive 5.2%
Czech Unemployment at Impressive 5.2%
September 02, 2015Unemployment in the Czech Republic was recorded at 5.2% for July according to the Czech Statistics Office. Whilst it is slightly higher than in June when unemployment stood at 5.1%, it is still [...]
