Inflation targeting used by Ukraine’s National Bank (NBU) has not yet led to the expected economic growth. This is not about 2.5-3 percent, but about the dynamics of 5 percent +. After all, this would be the right impulse that can allow us to reach at least the figures for 2013 (for the currency equivalent of GDP). And the gross product then reached $ 183 billion. At the end of last year, this indicator is likely to reach $ 120 billion. That is, Ukraine needs to still “find” about $60–70 billion to return to its past level.
OP-ED
Oleksiy Kushch: How to get Ukraine’s economy to grow 5-10 percent annually?
The National Bank of Ukraine (NBU) in Kyiv on Sept. 7, 2016.
