The IMF predicted the economic recovery in 2015 and its growth by 1%. The Fund also expects inflation to 11.4% in 2014 and 14% in 2015

The IMF predicted the economic recovery in 2015 and its growth by 1%. The Fund also expects inflation to 11.4% in 2014 and 14% in 2015.

 Key creditor of Ukraine International Monetary Fund has retained voiced in July forecast economic decline of Ukraine in 2014 at 6.5%. This is stated in the review of major developments in the world economy World Economic Outlook, published on the IMF website.

The Fund has predicted economic recovery in 2015 and its growth by 1%.

The IMF expects inflation to 11.4% in 2014 and 14% in 2015. Unemployment in Ukraine, it is projected to reach 10% in 2014 and 9.8% in 2015.

“Ukrainian crisis is compounded, including through the fall in industrial production and exports,” – said in the review of the IMF. – “Business activity in Ukraine is also likely will fall in response to the macroeconomic challenges. At the same time, Ukraine is actively embodies agreed with the IMF program of economic structural reforms, which will withstand long-term economic weakness and macroeconomic imbalances.”

Earlier the IMF suggested that if the military operations in the east of Ukraine will continue until the end of 2014 and will take place in 2015, the fall of the economy of Ukraine in 2014 will amount to 7.25%, and by the end of 2015 – 4.25%.

In addition, the IMF has slightly worsened the overall outlook for the global economy by the end of 2014 – to 3.3% from 3.4%. At the same time in 2015, the global economy, analysts said the Fund will increase to 3.8%. However, this figure also was lower than previously announced 0.2%.

Recall, the IMF is a key creditor of Ukraine. In April, the Fund approved the program of cooperation with Ukraine, totaling $ 17 billion. First tranche Ukraine received in early May, it amounted to $ 3.2 billion. Funds were used to replenish the reserves of the National Bank.

In late August, the IMF Executive Board, at its meeting approved the report on the implementation of the program of economic reforms in Ukraine and decided to provide our country second tranche of credit stand-by program in the amount of $ 1.39 billion, without reviewing with the total funding. At the same time the IMF does not rule out the selection Ukraine third and fourth tranches of credit totaling $ 2.7 billion in late 2014 or early 2015.

The IMF mission will arrive in Kiev in November and will hold a joint review of the country’s economic development, the results of which will then be presented at a meeting of the Board of Directors of the Fund. Ministry of Economic Development optimistic about the Fund’s decision on the allocation of our country, the third tranche.