WIIW The Vienna Institute for International Economic Studies - Wiener Institut für Internationale Wirtschaftsvergleiche

Ukraine is currently recording fairly robust economic growth matched by further political stabilization. This facilitates the implementation of IMF-sponsored fiscal reforms, which aim at diminishing the role of the state in the economy and reducing along sustainable lines the share of public debt to GDP . For the years to come, we expect a continuation of the current rate of growth, driven largely by private consumption and accompanied by a moderate increase in external deficits. Inflationary pressures are likely to intensify in the coming months, given the dynamics of global food prices and the planned hikes in energy and utility tariffs.