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Ministry of Economy expects GDP to grow by 3.7% in 2020

In 2020, the inflation rate may drop to 5.5%
11:48, 22 October 2019

NBU

The economy may grow by 3.7% in 2020. This was stated by Minister of Economic Development, Trade and Agriculture of Ukraine Tymofiy Milovanov during a briefing broadcasted on 112 Ukraine TV Channel.

At the same time, according to the forecasts of the Ministry of Economy, by the end of next year, the inflation rate can decrease to 5.5%.

Milovanov added that it is necessary to increase budget revenues from state-owned enterprises. According to him, during the year, state-owned assets on average accumulate only 2%, and business revenues - five to seven times more.

Related: Zelensky wants to achieve growth of Ukrainian economy by 7%: He needs investment and stock market

Earlier, the International Monetary Fund (IMF) expected Ukraine's GDP to grow by 3% in 2019 and a 3% growth in 2020.

Also, as it is specified in the forecasts, the inflation rate in Ukraine, according to the results of the current year, will be 8.7%, and it will decrease to 5.9% in 2020.

As we reported earlier, As the IMF and Ukraine are in the middle of negotiations in Washington, the Fund does not bring up the issue of increasing the gas tariffs for Ukraine's population.

Related: PM Honcharuk discusses economy of Ukraine with G7 ambassadors

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