Ukrainian central bank says rail blockade will cut growth
Improved export prices should offset embargo’s effects, NBU says
Ukraine’s central bank has cut its predictions of GDP growth for the coming year as a result of a blockade of rail routes from the country’s eastern provinces by nationalist political activists, it announced on March 21.
But the National Bank of Ukraine (NBU) predicted that better international prices for Ukrainian export goods would partially offset the fall in growth. The bank’s monetary policy committee said GDP would grow by 1.9% in 2017, down from its earlier prediction of 2.8%. The NBU
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