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
IMF Staff Country Reports, July 9, 2008
Source details
- Canonical URL
- 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
Other formats
Bibliographic details
- Published: July 9, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451839128.002
Summary
- Rapid domestic demand growth in Ukraine pushed the economy beyond its capacity in 2007–08, leading to accelerating inflation.
- The demand expansion was fed by fiscal and income policies and a capital-inflow driven surge in money and credit growth.
- Rising food and energy prices, combined with the demand expansion, gradually lifted CPI inflation to more than 30 percent by end-April 2008.
- Executive Directors commended Ukraine’s continued strong economic growth and increased overall resilience to shocks, while expressing concern that some macroeconomic vulnerabilities have increased.
Key findings and indicators
- CPI inflation: more than 30 percent by end-April 2008.
- Period assessed: 2007–08.
- Pages: 74.
- Series: Country Report No. 2008/227.
- Issue: 227.
- Volume: 2008.
- ISBN: 9781451839128.
- ISSN: 1934-7685.
- DOI: https://doi.org/10.5089/9781451839128.002.
- Stock No: 1UKREA2008001.
Macroeconomic drivers identified
- Fiscal and income policies contributed to domestic demand expansion.
- Capital-inflow driven surge in money and credit growth amplified the demand boom.
- External price shocks (food and energy) intensified domestic inflationary pressures.
Executive Directors' assessment
- Positive: continued strong economic growth and increased overall resilience to shocks.
- Concern: some macroeconomic vulnerabilities have increased (unspecified vulnerabilities as noted in report).
Thematic coverage (subjects and keywords)
- Subjects: Banking, Currencies, Exchange rates, External debt, Foreign exchange, Inflation, Money, Prices, Public debt.
- Keywords: core inflation, CR, Currencies, exchange rate band, Exchange rates, Global, Inflation, ISCR, market rate, problem bank, rate, regime, supervisory council, Western Europe.
Access and publication notes
- Publication date listed on the page: July 9, 2008.
- Format and availability: IMF Staff Country Reports; PDF available via IMF eLibrary.
- Related navigation items shown on the page include links to IMF eLibrary and IMF Publications Newsletter (subscription option).
International Monetary Fund. "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", IMF Staff Country Reports 2008, 227 (2008).
Content in this bundle
- _cr08227 — Executive Summary and Selected Findings