Kiev - The World Bank on Friday revised upwards Ukraine's predicted inflation rate for 2008 to 21.5 per cent, the Interfax news agency reported.
The bank had been predicting 17 per cent inflation, but galloping food and energy prices made that expectation unrealistic, said Ruslan Piontovsky, a bank spokesman.
The bank also suggested overall Ukrainian GDP growth will be at a relatively strong 6 per cent on the strength of demand for key Ukrainian export products such as steel, foodstuffs, and chemicals.
But growth would fall to between 4 and 5 per cent during 2009 and 2010, Pointkovsky said.
Hong Kong - Hong Kong shares rebounded Thursday following a resurgence in confidence on Wall Street, coupled with falling oil prices, with the benchmark Hang Seng index rising 2.41 per cent to clo
Beijing - China on Thursday reported another slight fall in monthly inflation to 7.1 per cent year-on-year in June, as it recorded estimated economic growth of 10.4 per cent in the first half of th
Brussels - The European Uni
Washington - Rising jet fuel costs have taken a toll on another US 
