The National Bank of Ukraine worsened its forecast of growth in GDP for 2017 from 2.8% to 1.9% due to the temporary halt of goods transportation across the line of demarcation in Donbas. This is stated in the message on the National Banks' official web-site.
"Taking into account the effects from the blockade and the favorable external business environment, the National Bank of Ukraine revised their prior forecast of the economic growth for 2017 from 2.8% to 1.9%,” reads the message.
Specifically, the NBU assumes that the blockade of Donbas shell lead to the GDP growth slowdown by 1.3 points, however the international economic upturn shall bring a positive effect for Ukraine at 0.4 points, estimatedly.
At the same time the National Bank expects that the next year Ukrainian companies will be able to level on the maximum load of the production capacities that will lead to the growth of economy.
“In 2018 economy shall grow faster, than it is introduced in the forecast. According to the new estimates the real GDP shall grow by 3.2% in 2018 (compared to 3.0% growth according to the January forecast,” reads the message.