Government macroeconomic forecast for 2013, assuming the acceleration of economic growth while maintaining low inflation, should be welcomed, the head of the group of advisors to chairman of the National Bank of Ukraine (NBU) Valery Lytvytsky said.
"The desire to provide long-term stable inflation decrease is the right policy. The lower inflation tax is, the easier it is to conduct interest rate policy," he said.
"As for economic growth, we are interested in objective economic slowdown does not turn Ukraine into a new recession, so the main task is to prevent this," Lytvytsky added.
As reported, Ukrainian government published forecast on country's gross domestic product (GDP) will grow by up to 3.4%, while inflation will be 4.8% in 2013.
The head of group of advisers said this yearend and the first and most difficult months of the next year will show whether assessment of the government is indeed optimistic in terms of economic growth.
"A lot will depend on the base, laid in November-December this year, and start in January or February," Lytvytsky said.
With reference to data from the State Statistics Service, Ukraine's GDP in the third quarter of 2012 fell by 1.3% compared to the third quarter of 2011, while in the first quarter the increase was 2%, and in the second quarter - 3%.
The Ukrainian government in the national budget for 2012 foresaw growth in real GDP of 3.9% and nominal GDP – up to UAH 1.5 trillion. According to the State Statistics Service, consumer prices in Ukraine dropped by 0.3% in January-October.
