Ukraine's Cabinet projects 2% GDP growth in 2016 amid 12% inflation

Ukraine's Cabinet of Ministers is considering two scenarios of economic developments in Ukraine next year, with a 2% growth of the country's economy in keeping with the base-case scenario, and a 0.3% decline in keeping with the worst-case scenario, according to cabinet resolution No. 558 available on the government's official website.

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The inflation rate in December 2016 from December 2015 is projected at 12% in keeping with the base-case scenario and 14.7% in keeping with the worst-case scenario.

The projected revenues for the payroll fund in 2016 are estimated at UAH 589.1 billion according to the base-case scenario and UAH 579.1 billion according to the worst-case scenario, with a nominal wage of UAH 4,857 and UAH 4,821 per capita, respectively.

The unemployment rate in 2016 is projected at 10.4% (the base-case scenario) and 10.8% (the worst-case scenario).

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