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In the 2nd quarter the economy growth rates remained quite high. The real GDP growth rates made 6.3% in the first half of 2008 compared with 6.0% in the first quarter of the year and 8.7% in the first half of 2007. June showed some signs of economic development slowdown (during this month the real GDP increased by 5.4% comparing with 7.2% in May).
Regardless a certain slowdown of the consumer price growth in the 2nd quarter of 2008 comparing with the first quarter of the year (influenced by seasonal factors to a larger extent), the inflation pressure remained essential. Consumer price index in January-June 2008 made 115.5%. In the year terms from June 2007 to June 2008 the CPI made 129.3%.
The more flexible exchange rate has allowed the National Bank of Ukraine to use intensively the potential of the interest rate policy to influence the pricing processes.
To this end, the National Bank of Ukraine:
increased the discount rate to 12% per annum on April 30, 2008.;actively used the rate instruments under mobilization operations: in January – June 2008 the interest rates under deposit certificates remained high and (as in the last December) made from 0.5% to 8% depending on the term (maturity);
As of 1 June 2008, the situation on the labor market was characterized by
a decrease in unemployment rate in cities and rural regions and an increase
in number of unemployed individuals placed into jobs.
The average monthly number of economically active persons at the age of
15 – 70 equaled 22.3 million persons. Out of them 20.7 million persons were
employed in economic activities, the rest 1.6 million persons being unemployed.
1..10 :: 11..14 |
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