"In its turn, inflation will accelerate to 4.7% by the end of 2020 and will also be close to the medium-term goal of the National Bank of 5% in the coming years," the statement said.
It was noted that the economy would shrink by 6% in 2020, but its growth will be nearly 4% in the coming years.
The National Bank added that the worst period for the economy was over.
As we reported earlier, the Ukrainian government approved the Forecast of Economic and Social Development of Ukraine for 2021-2023.
According to the forecast, the gross domestic product will amount to 4,505.9 billion hryvnias/162.7 billion dollars (104.6% compared to the previous year) in 2021, in 2022 - UAH 5,089.4 billion hryvnias/183.8 billion dollars (104.3% compared to the previous year), in 2023 - 5,689.7 billion hryvnias/205.05 billion dollars (104.7% compared to the previous year).