Ukraine: 2004 Article IV Consultation—Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
IMF Staff Country Reports, January 24, 2005
Source details
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- Ukraine: 2004 Article IV Consultation—Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
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Bibliographic details
- Published: January 24, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451977738.002
Economic performance and drivers of growth
- Six years after the 1998 financial crisis, Ukraine continues to recover strongly.
- Real GDP grew by 9.4 percent in 2003.
- Real GDP reached 13.5 percent through July 2004.
- Growth in 2003–04 has been prompted by:
- favorable external demand,
- a competitive cost structure,
- dynamic domestic demand.
- 2003 performance occurred despite a poor harvest.
Inflation and price pressures
- Inflation has been moderate.
- Strong upward pressures on inflation are emerging.
Structural reform and public financial management
- There has been progress in the structural reform agenda.
- Tax administration should improve.
Subjects and keywords covered
- Subjects: Arrears, Banking, Budget planning and preparation, External debt, Fiscal policy, Public debt, Public financial management (PFM)
- Keywords: Arrears, arrears problem, Budget planning and preparation, core PPI inflation, CR, Eastern Europe, exchange rate, GDP, GDP relative, Global, inflation, ISCR, vis-à-vis Russia