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IMF saves forecast of Ukraine's GDP growth at rate of 3.2 percent

The forecast for 2019 worsened to 3.3-percent growth
22:10, 17 April 2018

112 Agency

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.   

Meanwhile, the National Bank of Ukraine left its inflation growth forecast unchanged

“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.

Related: Poroshenko declares $23 thousand interest income from deposits in IMF

Related: Rise in gas prices: Does IMF really require this?

Related: World Bank confirms Ukraine’s GDP growth forecast at 3.5% for 2018

Related: Ukraine to increase pre-war level of GDP until 2021

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