The reduction of Ukraine's GDP in the 1st quarter of the current year was estimated at 15% per annum, reported in the April macroeconomic and monetary survey National Bank of Ukraine (NBU).
"The rate of change of the production index of basic industries (IPBO, in March decreased by 20, 1% in annual terms) for the last five months are almost on the same level, which gives grounds to expect a decline in real GDP in the first quarter of 2015, 15% in annual terms, as predicted before," according to the survey controller.
The regulator also stressed the growth of consumer inflation to 45, 8% in annual terms. According to the NBU, the increase was due to the depreciation of the hryvnia at the end of February 2015.
"Core inflation has risen to 44, 6%, the producer price index is 51, compared to 7% in annual terms. Published inflation rates surpassed the predicted National Bank of Ukraine in the end more significant impact of inflation expectations on consumer prices and features of the CPI, the State statistics service of Ukraine ", - stressed the NBU.
the NBU also said that in March the lack of a current account balance of payments decreased to us $ 13 million, the decrease in exports of items and services slowed to 29, 9% in annual terms.
Ukraine is in a serious political crisis, which affects its economy and the public sector. The authorities are hopeful to improve the situation of foreign borrowing. The Board of Directors of the international monetary Fund eleven March, adopted an opinion on granting Ukraine 17, 5 billion dollars in the composition of the list of activities of the advanced payment.
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