The International Monetary Fund (IMF) has improved its forecast for real gross domestic product (GDP) growth in Ukraine in 2005 from 6% to 7%, while simultaneously worsening its forecast for average annual inflation in the current year from 9.5% to 12.5%. This is stated in the April World Economic Outlook, published on Saturday, reports Interfax-Ukraine.
The IMF forecasts a slowdown in Ukrainian economic growth in 2006 to 4% with a decrease in average annual inflation to 5.9%.