The IMF confirmed its forecast for the decline of the Ukrainian economy: minus 9% at the end of the year with inflation of 46%

The International Monetary Fund confirmed its previous forecast that the Ukrainian economy would decline by 2015% at the end of 9, with inflation increasing to 46% and the hryvnia exchange rate to UAH 22 per dollar.

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This is stated in the updated report of the Foundation.

The economic development forecast published in Ukraine in April, according to the IMF, had already lost its relevance as of June.

“And therefore the base rate of decline in GDP was reduced to minus 9% compared to the previously announced forecast of 5,5%, and inflation to 46% instead of 27%,” the report says.