Forecast for Ukraine's GDP growth in 2017 downgraded to 1.8%, inflation to 12.2%
GDP growth in Ukraine in 2017 is expected at the level of 1.8% with inflation (December to December) being 12.2% with the improvement in these figures in 2018 to 3% and 8% respectively, according to the consensus forecast posted by the Ministry of Economic Development and Trade.
According to the report, experts expect GDP growth in 2019 by 3.6% with inflation being 5.9% and in 2020 some 4% with inflation standing at 5%.
The ministry noted four months ago the economic recovery estimates for this year were slightly more optimistic - 1.9% with inflation being 10.5%, whereas in 2018 experts expected the same 3% growth but with inflation of 7%.
The most optimistic participants in the consensus forecast were a year ago: then they expected the economy to accelerate this year to 2.9% and next year to 3.6%, while inflation to slow down to 9% and 6% respectively.
Advertising
Advertising
MORE ABOUT
U.S. Ambassador: Military, economic aid, reform support, accountability are main goals of $61 bln allocated for Ukraine
14:20, 04.05.2024
Klitschko: there cannot be strong, democratic and safe Europe without Ukraine as equal partner
12:07, 04.05.2024
Ukrainian, Czech FMs discuss progress of Czech initiative on ammo procurement, strengthening of military assistance
16:35, 03.05.2024
London doesn’t object to use of weapons in Russia – British PM
12:28, 03.05.2024
EU-Ukraine Forum on defense industry issues to be held in Brussels
15:54, 02.05.2024
LATEST
New EU sanctions will apply to supplies of manganese ore and aluminum oxide to Russia – Latvian authorities
21:07, 03.05.2024
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
Ukrainian coal could be exported due to shutdown of Centerenergo in Russian heavy shelling – Minister of Energy
19:26, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
DIM company accredits houses under construction in eOselia program