Ukraine may see 4.3% GDP decline in 2015 - NBU
KYIV. Nov 20 (Interfax) - Ukraine may see a 4.3% decline in GDP in 2015, according to the National Bank of Ukraine (NBU).
This forecast was announced by NBU Governor Valeriya Gontareva at the fifth Ukrainian Investment Forum: Evolution after Revolution, organized by CFA Society Ukraine in Kyiv on Thursday.
She said this year's GDP outlook had worsened from 7% to 7.5% decline.
Inflation this year might be 25%, although the government and NBU previously forecast 19-19.5%.
The NBU still advocates a flexible exchange rate, despite the devaluation, and expects exchange-rate dynamics to improve the panic-related pressure on the market eases. "We very much believe in a flexible rate," Gontareva said, adding that all branches of power were responsible for the national currency's stability.
Ukrainian GDP shrank 5.1% year-on-year in Q3 2104, 4.5% in Q2 and 1.1% in Q1.
The government in July worsened its economic forecast for 2014 to 6.5% decline from 5%.
