Ukraine: 2008 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ukraine

International Monetary Fund

No 2008/227, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2008 Article IV Consultation highlights that rapid domestic demand growth in Ukraine pushed the economy beyond its capacity in 2007–08, leading to accelerating inflation. The demand expansion, fed by fiscal and income policies and a capital-inflow driven surge in money and credit growth, in combination with rising food and energy prices, gradually lifted CPI inflation to more than 30 percent by end-April 2008. Executive Directors have commended Ukraine’s continued strong economic growth and increased overall resilience to shocks. They have also expressed concern that some macroeconomic vulnerabilities have increased.

Keywords: ISCR; CR; market rate; rate; regime; supervisory council; exchange rate band; problem bank; core inflation; Inflation; Exchange rates; Currencies; Global; Western Europe (search for similar items in EconPapers)
Pages: 74
Date: 2008-07-09
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