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EBRD predicts growth of Ukrainian GDP up to 3% in 2018
18:30, 7 November 2017
EBRD predicts growth of Ukrainian GDP up to 3% in 2018

At the same time, the EBRD notes the decrease of the actual export and industrial production in 2017 and the inflation of the consumer prices remains high

18:30, 7 November 2017

EBRD
astanatimes.com

The European Bank for Reconstruction and Development (EBRD) estimated the growth of the GDP of Ukraine in 3% for 2018 as it is stated in the report of the EBRD.

‘It is stated at the prediction of the EBRD on the regional economic perspectives that the economy of Ukraine will grow by 2% in 2017 and by 3% in 2018. The main factors of the influence are the better consumption of the households, higher wages and growth of the gross basic stock’, the document said.

Related: GDP growth of less than 2% is degradation of Ukraine's economy

At the same time, the EBRD notes the decrease of the actual export and industrial production in 2017 and the inflation of the consumer prices remains high and equals 16% on the annual basis during September 2017.

Moreover, it is reported that the banking system of Ukraine became stable during 2017 but the debt financing of the real sector is still weak.

Related: Fitch forecasts increase in Ukraine’s GDP

Earlier the National Bank of Ukraine improved the prediction for the GDP of Ukraine in 2017 up to 2.2%. The World Bank agreed on such prediction but remained its own prediction on 2% of the GDP.

At the same time, Volodymyr Groysman, the Prime Minister of Ukraine claimed that the economic growth in Ukraine in 2018 can exceed the planned 3% if systematic reforms are preserved.

Related: Nord Stream-2 can harm Ukraine of 3% of GDP, - US Ambassador

President Petro Poroshenko noted the achievement of macroeconomic stability and growth trends in Ukraine. He noted that the GDP is expected to exceed 2% in 2017 and 3.2% in 2018.

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