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Monday, January 22, 2007

Short news - WB confirmes Ukraine GDP

The World Bank has confirmed its forecast for Ukraine's GDP in 2007 to reach 4.5% and inflation of 10.7%, World Bank lead economist for Ukraine Martin Raiser said.

Ukraine should expect continued growth in foreign investment in 2007, although the possibility of a fall in metal prices on the international market and consumer demand will also remain in place, he said.

The World Bank could revise its forecast for the Ukrainian economy based on results of the first quarter of 2007, Raiser said.

Commenting on the 2006 results, Raiser said GDP growth is expected to reach 7%, which would be a surprise to World Bank experts and is much higher than previous forecasts.