Economy of Ukraine in coming years will grow by more than 4% of GDP, - Ministry of Economy

Source : 112 Ukraine

The weighted average level of the minimum wage in 2021 will be $230, in 2022 - $250, in 2023 - $280.
11:20, 15 August 2020


On August 14, the Ministry of Economy published a forecast for the economic and social development of Ukraine for 2021-2023, which outlined the prerequisites for accelerating the country's economic growth. The forecast was approved by the Cabinet of Ministers on July 29, 2020, the press service of the department reports.

"Forecast macro-indicators will be the basis for the preparation of the draft state budget of Ukraine for 2021," the Minister of Economic Development, Trade and Agriculture of Ukraine Ihor Petrashko said.

Related: Ukraine's GDP in 2020 second quarter fell by more than 1% compared to last year

In general, this document will become the basis for making strategic decisions by the authorities.

According to the baseline scenario, it is assumed that the positive trend in economic development will recover after significant losses caused by the COVID-19 pandemic in the world in 2020.

In 2021, GDP growth is expected at 4.6%, 4.3% in 2022 and 4.7% in 2023.

Next year, the consumer price index is expected at 107.3%, in 2022 - by 106.2% and 105.3% in 2023.

In addition, the level of real average monthly wages will increase by 12.1% in 2021, in 2022 - by 6.0% and in 2023 - by 5.1%. The weighted average level of the minimum wage in 2021 will be $230, in 2022 - $250, in 2023 - $280.

Related: In 2020, Ukraine's GDP to fall by 4.5 percent, - EBRD

Unemployment in 2021 will be at the level of 9.2%, in 2022 - 8.5%, in 2023 - 8.0%.

As we reported before, there are reasons to suppose that Ukraine is getting out of the crisis




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