Prime Minister of Ukraine Denis Shmyhal expects GDP growth at 4% by the end of 2021. But the next wave of coronavirus may prevent this result to be achieved. Shmyhal wrote about this on his Facebook page.
“We expect that this year GDP growth will be about 4%, and this will mean that Ukraine has won back the economic decline due to the coronavirus crisis. The only thing that can prevent this scenario is another powerful wave of coronavirus, due to which additional quarantine restrictions will have to be introduced," Shmygal wrote.
According to him, the optimistic forecast is based on a steadily growing consumer demand, an average salary above $ 500, an increase in investment to a four-year record, a record harvest and growth in the agricultural sector.
According to the draft State Budget for 2022, real GDP growth is expected at 3.8%. In 2023, real GDP will be 4.7%, and in 2024 - 5%.