17:07 07.11.2017

EBRD confirms forecast for Ukraine's GDP growth at 2% in 2017, at 3% in 2018

EBRD confirms forecast for Ukraine's GDP growth at 2% in 2017, at 3% in 2018

The European Bank for Reconstruction and Development (EBRD) has confirmed the forecast for the growth of Ukraine's gross domestic product (GDP) in 2017 at the level of 2%, in 2018 at 3%, according to a press release of the bank.

At the same time, the press release says consumer price inflation in the country is slowing down, but as of September 2017 it was still at a high level - 16.4% compared to last year. Industrial production declined by 0.4% in the first eight months of 2017 as a result of the economic blockade of the territories temporarily uncontrolled by Ukrainian authorities.

The EBRD also notes that the successful issuance of sovereign eurobonds marked the return of Ukraine to international capital markets, but warns that the continuation of the IMF program for Ukraine is uncertain because of the uncertainty of reforms.

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