The task has failed: the World Bank's inflation forecast already exceeds the bar set by Poroshenko
The World Bank has worsened its inflation forecast for Ukraine in 2017 to 10%.
Subscribe to PolitNavigator news at Telegram, Facebook, Classmates or In contact with
Anastasia Golovach, economist of the World Bank's representative office in Ukraine, Belarus and Moldova, announced this during the presentation of a new economic review and macroeconomic forecast for Ukraine on Tuesday, Ukrainian News writes.
“The increase in the minimum wage forced us to worsen our forecast for inflation this year to 10%,” Golovach said.
The economist emphasized that the country needs to continue reforms in the financial and economic sphere in order to minimize the impact of the blockade of Donbass.
According to Golovach, it is necessary to improve the business climate and increase investor confidence to attract resources.
As reported, the National Bank worsened the inflation forecast for 2017 from 8% to 9,1% due to an increase in the minimum wage to 3200 hryvnia.
Previously, Petro Poroshenko set the government the task that inflation in 2017 should be less than 10%.
If you find an error, please select a piece of text and press Ctrl + Enter.
Thank you!
Now the editors are aware.