Ukraine: Recent Economic Developments

International Monetary Fund

No 1997/109, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes economic developments in Ukraine during the 1990s. In 1996, Ukraine achieved a measure of macroeconomic stability for the first time since gaining independence. Inflation, which at times had bordered on hyperinflation, fell to an average monthly rate of 2.8 percent and, except in months with major administered price changes, remained low throughout the year. This trend continued in 1997, when inflation averaged less than 1 percent a month during the first half of the year.

Keywords: ISCR; CR; U.S. dollar; exchange rate; broad money; first quarter; real GDP; Currencies; Exports; Imports; Arrears; Pension spending; Western Europe (search for similar items in EconPapers)
Pages: 106
Date: 1997-11-17
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