Ukraine: 2003 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ukraine.

June 19, 2003

Preview Citation

Format: Chicago

Ukraine: 2003 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ukraine., (USA: International Monetary Fund, 2003) accessed November 23, 2024

Summary

This 2003 Article IV Consultation highlights that real GDP of Ukraine grew by more than 4½ percent in 2002, marking the third year of Ukraine’s economic expansion following the 1998/99 financial crisis. As in 2001, growth was not only supported by robust consumer spending, reflecting large wage increases, but also by an increase in net external demand. Consumer price inflation fell to near zero in 2002, reflecting primarily the good harvests in 2001/02 and the resulting sharp drop in food prices. Low inflation was also supported by a tightening of fiscal policy and delays in increasing administered prices.

Subject: Arrears, Credit, Currencies, Economic sectors, Energy sector, External debt, Money, Public debt

Keywords: Arrears, Asia and Pacific, Budget legislation, Consumer price inflation, CR, Currencies, Energy sector, Exchange rate, Global, Government, Government intervention, Government program, ISCR

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/172
Stock No:

1UKREA0012003
ISBN:

9781451838961
ISSN:

1934-7685

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