The IMF saved the current forecast of Ukraine's GDP growth at the rate of 3.2 percent. However, the forecast for the next year worsened - down to 3.3 percent. This was mentioned in the April 2018 issue of the World Economic Outlook.
The report also says that the forecast of the average annual inflation in 2018 decreased by four percent - down to 11 percent. In 2019, the Fund expects the average annual inflation in Ukraine at the rate of 8 percent.
“The country is expected to grow by 3.5% in 2018, if the pending anti-corruption, land, state-owned bank governance, and privatization reforms are advanced in the upcoming months. This would signal potential investors. Should the reforms get delayed, the country’s economic expansion could be slower than the current levels amid uncertain macroeconomic environment as financing risks rise dramatically,” the World Bank said in its press release.
The World Bank’s economic report for Ukraine, the growth outlook has become less certain. However, safeguarding the macroeconomic stability and completion of key pending reforms by July 2018 to bolster investor confidence can help boost growth within the next two years.