World Bank predicts inflation in Ukraine in 2018

World Bank predicts inflation in Ukraine in 2018

The World Bank predicts that inflation in Ukraine in 2018 may reach 10%, as inflation risks remain quite significant.

World Bank Economist for Ukraine Anastasia Golovach said this at a press conference on Tuesday, an Ukrinform correspondent reported.

"Inflation reached almost 14% in 2017. Inflation risks remain significant, and we expect inflation to reach 10% in 2018," Golovach said.

According to her, in order to reduce inflationary risks and maintain macroeconomic stability, it is very important to introduce budget sector reforms, in particular in the field of education, health care, etc. 

"That is, it is necessary to develop respective measures that would help raise wages, but at the same time optimize staffing," she said. 

A further increase in wages in the budgetary sphere at rates above inflation can lead to wage labor costs exceeding 18% of GDP, Golovach said.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: