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

REUTERS

"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.

Read alsoNSDC approves 2017 defense budget at no less than 5% of GDP “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%."