Ukraine: 2004 Article IV Consultation—Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
January 24, 2005
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This 2004 Article IV Consultation highlights that six years after the 1998 financial crisis, Ukraine continues to recover strongly. In 2003, real GDP grew by 9.4 percent, despite a poor harvest, and reached 13.5 percent through July 2004. Growth in 2003–04 has been prompted by favorable external demand, a competitive cost structure, and dynamic domestic demand. Inflation has been moderate, but strong upward pressures are emerging. There has been progress in the structural reform agenda, but tax administration should improve.
Subject: 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
Pages:
76
Volume:
2005
DOI:
Issue:
015
Series:
Country Report No. 2005/015
Stock No:
1UKREA2005001
ISBN:
9781451977738
ISSN:
1934-7685
