The agency sees no reason to change the macro forecast, which formed the basis of the 2023 budget.
The Ministry of Economy of Ukraine confirmed the macro forecast on which the state budget for 2023 is based: GDP growth of 3.2% with inflation of 28%. This was reported on February 1 by the Interfax-Ukraine agency referring to the first deputy head of the department, Denis Kudin.
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“The 28% (inflation forecast) is true, we are not inclined to revise it yet. At the same time, we see real GDP growth of 3.2%, as it was. For now, we remain on this forecast,” Kudin said on the sidelines of the business forum for the rapid restoration of Ukraine in Luxembourg.
Commenting on the National Bank’s improvement of the inflation forecast for the current year from 20.8% to 18.7%, Kudin noted that the reasons for this so far are the increase in the cost of production.
“That is, the supply chains have changed, the logistics have increased in price, and this objectively affects the cost of the manufacturers who still transfer it to the end consumers. We see no reason to change the macro forecast made we did in October last year. Some indicators have changed, but one balances the other, and the overall result has remained the same,” explained the deputy minister.
It will be remembered that inflation in the consumer market in 2022 reached 26.6%.
Ukraine’s GDP sank by a third last year
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Source: korrespondent
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