Ukraine's Cabinet approves updated macroeconomic forecast

The conservative scenario suggests gross domestic product growth on the level of 3.7% and the optimistic one suggests 4.8%
18:00, 23 October 2019

The Cabinet of Ministers of Ukraine approved the updated macroeconomic forecast during the session on Wednesday, October 23. Oleksiy Honcharuk, the Prime Minister of Ukraine reported that during the briefing, as 112 Ukraine TV channel

The Ministry of the Economy of Ukraine showed two scenarios due to which the economics of the country may develop in the next year. 

Related: Medvedchuk: Honcharuk and his ministers are a team of amateurs

"According to the conservative scenario of the Ministry of the Economy repeated the forecast of the World Bank, there will be 3.7% of the gross domestic product growth in the next year. It is the bigger projection than we had in spring - then we expected the gross domestic product growth on the level of 3.3%," Honcharuk said. 

According to the optimistic forecast, it is expected 4.8% of the gross domestic product growth in 2020. 

Besides, the Cabinet improved the rate projection for the next year. The conservative scenario foresees 27 UAH/US dollar compared with 28.2UAH per 1 US dollar in spring. The optimistic one suggests 24.8UAH per 1 US dollar. 

Related: State Statistics Service to be managed by Ukraine's Cabinet Minister Dubilet

Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

see more
latest news
editor's choice