GDP is expected to fall by 15% in I quarter of 2015, compared on a year-over-year basis. The preliminary estimates were published in the April issue of Macroeconomic & Monetary Outlook by the National Bank of Ukraine, RBK-Ukraine (РБК-Україна) reports.
According to the regulator’s survey, a drop in GDP index can be spurred by tendency of production index of key branches to fall each 5th consecutive month. Thus, in March this index decreased by 20.1% in annual terms, what, in turn, reflects the accelerated decrease in wholesale and retail trade because of lower consumer demand and high inflation.
In addition, the survey states that in March this year, the growth rate in consumer price index rose sharply - to 45.8% on a year-over-year basis. The core inflation rate increased by 44.6%, with price index - 51.7%.
