Initially we will look into the forecast given by the Ministry of Finance Ukraine. This forecast states that real GDP growth will be 6.5% in 2007, will increase to 7.6% in 2008 and will be 7% in 2009 and back to 6.5% in 2010. It also states that inflation or Consumer Price Index (CPI) will decrease from 107.5% in 2007 to 106.8% in 2008. It will further decrease 105.7% and 105.5% in 2009 and 2010 respectively. The Producer Price index (PPI) is projected to be 114.4% in 2007, 109.2% in 2008, 108.1% in 2009 and 107.8% in 2010. This report indicates that Industrial Production Growth which was 6.2% in 2006 would increase to 9% in 2008 and then drop to 8.3% in 2009, further dropping to 7.7% in 2010. The Agricultural Output which was 0.4% in 2006 would show a sharp increase to 5% in 2008 and then a further increase to 6.4% and 6.6% in 2009 and 2010 respectively. Balance of Goods and Services would increase from 2,228 million USD in 2008 to 5,558 million USD in 2010. Exports of Goods and Services however, would not show much of a change from 2007 to 2010 and would stay around 112.7%. Imports of Goods and Services, on the other hand, will see an increase from 594.1% in 2007 to 708% in 2008, 820.4% in 2009 and 939.9% in 2010.                                                                                                                                               ›› more