World Bank worsens prediction on GDP growth in Ukraine in 2018

Source : 112 Ukraine

In the case of the breaches of agreements with the IMF, the growth of the economy can decrease by 2%
16:39, 4 October 2018


The World Bank has worsened the prediction on the growth of the GDP of Ukraine in 2018 from 3,5% to 3,3%.  Faruk Khan, the Lead Economist and Program Leader covering Belarus, Moldova and Ukraine claimed this as Interfax-Ukraine reported.

Related: World Bank says preparing $650 million loan guarantee for Ukraine

According to Khan, in 2019 the World Bank expects the GDP growth in Ukraine at the level of 3,5%.

"At the same time, if the agreements with the International Monetary Fund are not reached, the growth of the economy might decrease by 2%," he noted during the presentation of the new economic review and macro-economical prediction for Ukraine from the World Bank.

Related: Kyiv Mayor holds meeting with World Bank leaders in Washington

Earlier President of Ukraine Petro Poroshenko said at the international economic forum in Kharkiv that he expects growth of gross domestic product in 2018 to 4%.

Also, in 5 years, GDP per capita in Ukraine will grow by 1.5 times, analysts of the International Monetary Fund calculated. The growth of GDP, according to analysts, is possible due to the reform of legislation, the judiciary and the land market, as well as by bringing the production.

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