Ukrainian govt to update macro forecast in a few weeks, - Ukraine’s PM

Source : 112 Ukraine

According to Oleksiy Honcharuk, the coronavirus epidemic, in particular, may be a reason for revising the macroeconomic projections of the world economy's growth
12:05, 21 February 2020

Ukraine’s Cabinet of Ministers plans to update the macro forecast for this year in a few weeks. It was stated by Prime Minister of Ukraine Oleksiy Honcharuk.

"Naturally, the macro forecast has to be revised. The Ministry of Economic Development, Trade and Agriculture is already working on it, and, I think, in the next couple of weeks we will come up with a new macro forecast for this year," he said.

According to Honcharuk, the revise of the economic macroeconomic forecast is common for all countries and international financial institutions. He also noted that the coronavirus epidemic could be the reason for revising the macroeconomic projections of the world economy's growth.

Related: Why GDP growth slowed sharply and what will happen to Ukrainian economy in 2020?

As we reported earlier, Ukrainian government aims at increasing the country's GDP by 40% in five years. It was stated by Ukraine’s Minister of Economic Development, Trade and Agriculture Timofiy Mylovanov.

"The main goal in the economic sphere is to provide citizens with legal work, with decent wages and to create conditions for successful own business. To this end, the government sets ambitious goals: to increase the country's GDP by 40% in five years, to create more than one million jobs and to attract 50 billion dollars in foreign direct investments," he said.

Related: Ukraine enters list of countries whose economies reduced in 1990-2017

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