Agrinews

May 23, 10:20 Source: APK-Inform Views: 633

Ukraine: in 2014 the GDP to decline to 6.5%, inflation - 14%

In 2014 in Ukraine the gross domestic product (GDP) is expected to decline to the level of 6.5%, due to decreasing of both domestic and foreign (mainly from the Russian Federation) demand for domestic commodities, declared Alexander Zholud, analyst on economic affairs of the International centre for advanced studies, on May 22.

He noted that in 2014 (December to December) the inflation will be the record one for 4 recent years – 14%.

Also, A.Zholud informed that in 2014 the gross value added in agriculture will reduce by 5% (year-on-year), due to the expected decrease of grain harvest. According to him, there is a great risk of reducing the index, due to lower domestic demand and rising costs (primarily for fuel).

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