Ukrainian Cabinet`s economic outlook for 2017: 3% growth, 8% inflation

The Cabinet of Ministers has kept the economic growth forecast for 2017 at 3%, with the inflation rate of 8.1%, and an 8.7% unemployment, considering these figures as a base for the formation of the budget for 2017, according to First Deputy Prime Minister, Economy Minister Stepan Kubiv.

”GDP growth is projected at 3%, inflation at 8.1%, the unemployment rate – at 8.7% for the economically active population aged between 17 and 70,” Kubiv said.

”The forecast takes into account the trend of gradually increasing wages and social standards, also taking into account inflation and the real economy opportunities,” the economy minister added. ”The forecast of real wage growth is at 5.4%.”

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