REUTERS
The Ukrainian economy will contract by 5% in 2015 with inflation at 26%, according to a report by international rating agency Fitch published on its Web site on Monday.
"The key forecast of the agency is the following: Ukraine's GDP will fall by 5%, and inflation will rise by 26% in 2015," the report says.
These estimates coincide with forecasts of a key creditor of the country - the International Monetary Fund - as well as with the baseline scenario of economic development of the Ukrainian government.
In particular, the IMF predicts drop in Ukrainian economy in 2015 to 5.5%, with an inflation rate of about 27%.
At the same time, the Cabinet of Ministers of Ukraine is considering three scenarios for the economy of Ukraine in 2015 and allows for the most pessimistic scenario the decline of economy by 11.9% with an inflation rate at 42.8%.
Ukraine’s optimistic scenarios suggest the economy's decline in the range from 5.5% to 8.6% with an inflation rate from 26.7% to 38.1%.
In this case, the fall in exports under the pessimistic scenario will total 16.6%, or $54.5 billion in 2015, imports - 22%, or $55 billion. According to optimistic estimates, the volume of exports in 2015 compared to 2014 will fall by 7% up to $60 billion, imports - by 10.7% up to $63 billion.
Nominal GDP will amount to UAH 1.85 trillion under the most optimistic scenario, and UAH 1.79 trillion under the most pessimistic one.