UNIAN
The National Bank of Ukraine (NBU) estimates the decline in Ukraine’s GDP in the first quarter of 2015 at 15% on an annual basis, in accordance with its forecast from the previous month.
"The rate in changes of the production index in annual terms regarding the basic industries has remained almost at the same level over the last five months, which allows [us] to predict a decline in real GDP in Q1 2015 of 15% in annual terms, in accordance with the forecast made earlier," reads the macroeconomic and monetary review of the NBU for April.
According to NBU estimates, the rate in changes of the production index regarding the basic industries in March remained at the level of the previous month - 20.1%.
As UNIAN reported earlier, in early April the regulator forecast a decline in the country’s GDP in Q1 at 15%, with a decline of 7.5% on an annual basis and an inflation rate of 30%.
The Cabinet of Ministers is considering three scenarios for the economy of Ukraine in 2015, according to which the fall of the country's GDP is expected in the range from 11.9% to 5.5%, and inflation in the range from 42.8% to 26.7%.
The decline of Ukraine's GDP in 2014, excluding the Russian-occupied Ukrainian territory of Crimea and a part of the ATO zone, amounted to 6.8% on a year-over-year basis. Nominal GDP in 2014 amounted to $1.567 trillion, and GDP in prices of the previous year - $1.365 trillion.