“Inflation that has been prepared may raise minimum wages in Ukraine at the beginning of the year, especially accelerating,” said Alfred Kemmer, director of the European Department of the International Monetary Fund, answering questions from Ukrainian Voice of America during a previous conference on Wednesday.
He called the “absolutely correct” actions of the National Bank to curb rising prices. “He [Нацбанк] tightening monetary policy, and we believe that tight monetary policy should continue to control inflation and also to curb the secondary effects of price shocks at the beginning of the year, ”Kremmer said during pre-conferences with IMF publications. region.
A review published by the IMF on Wednesday points out that inflation in Ukraine will reach 9.5% this year. Earlier, in April this year, the IMF estimated this initial inflation in Ukraine at 7.5%. Price growth will slow to 7.1% next year and to 5.8% in 2023, the Funds forecast.
Ukraine has responded well to the economic crisis caused by the pandemic
In general, Kemmer noted, Ukraine has responded well to the economic crisis caused by the pandemic.
“Support includes budgetary aspects and monetary policy. The crisis of 2020 was also shallow in Ukraine compared to other countries in the region.”
A review of the European region’s economy predicts that European countries will grow by 5.2% and that the European economy that will grow will grow by 6% this year. Next year, the growth of European countries will be 4.4%, and the developing economy – 3.6%.
The most effective risks to growth, according to the authors of the review, are the threat of new strains of coronavirus, disruptions in the implementation system and high energy prices.
In order to ensure growth, the IMF has called on countries that are developing economies to promote vaccination. The IMF also called for consolidating international efforts to access vaccination.
In your forecast, published in October by the International Monetary Fund, the estimate of Ukraine’s economic growth deteriorated to 3.5%, which decreased to 4%, which was contained in the April forecast. However, the forecast for Ukraine’s economic growth next year is slightly better – 3.6%, compared to the April forecast of 3.4%.
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