The government of Ukraine predicts that GDP growth would increase to 5.5% in 2011 compared to 3.8% in 2010, according to cabinet forecast N988 dated September, 12 on assumed results of Ukraine's budget in 2011-2013.

According to the document, which was installed on the government's website, that GDP growth in Ukraine in 2012 will reach 7.2% and 6.6% in 2013.

According to government predictions, inflation in 2011-2013 is forecast at 9.3%, 7.8% and 5.7%, respectively.

It was earlier said that the government of Ukraine predicts GDP growth in 2010 at 3.8% with inflation pegged at 9.9%. However, the World Bank hopes the country's real GDP growth in 2010 to come to no more than 1.6%. According to the IMF, GDP in 2010 can come to 2.8% with an inflation rate of 10%.

For 2009, the Economic Ministry of Ukraine predicts GDP to drop by 10%-11%. The government is holding to its official GDP growth forecast of 0.5% for 2009 with inflation at 9.6% whereas the IMF forecast the decline in Ukrainian GDP at 14%.