The national Bank’s noticed the growth of the economy

Нацбанк заметил рост экономики

Ukraine’s economy, according to the NBU, continued restoration

The regulator made no changes to the forecast GDP growth in 2016 and 1.1%.

Ukraine’s economy, according to the national Bank, continued its recovery in the first quarter of 2016, the results of which recorded a slight increase of GDP. This is stated in the report of the NBU for April.

It is reported that the national Bank has left unchanged the forecast of real GDP growth in 2016 at 1.1% and 3% in 2017.

The report also notes that in the first quarter of 2016, as anticipated, continued the slowdown of consumer inflation in Ukraine due to restrained monetary and fiscal policies, low global commodity prices stabilize and inflation expectations.

The NBU has left the Outlook for inflation unchanged at 12% at the end of 2016 and 8% by the end of 2017. Core inflation, according to forecasts of the regulator, also remains in line with the previous forecast of 9.1% at the end of 2016.

However, as noted by the NBU, the risks of the inflation forecast for 2016 has shifted in the direction of its reduction.

Earlier the national Bank has twice lowered its GDP growth forecast for 2016 to 1.1% from 2.4%. Last year, the Ukrainian economy fell by 10%.