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.
"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.