IMF improves forecast for Ukraine's economic growth

REUTERS The International Monetary Fund (IMF), Ukraine&#39;s key lender, has improved the forecast for economic growth in Ukraine in 2019 to 3% from 2.7% previously projected. The growth of real GDP in Ukraine in 2020 is also expected to be 3%, as before, according to the IMF&#39;s World Economic Outlook for October 2019. According to the Fund&#39;s estimates, consumer price growth in Ukraine will slow down to 7% by the end of 2019, as well as to 5.6% in 2020. Read alsoUkrainian delegation to fly to U.S. for IMF talks, PM says The current account deficit of the balance of payments will amount to 2.8% of GDP in 2019 and 3.5% of GDP in 2020. According to IMF forecasts, the unemployment in Ukraine will drop to 8.7% in 2019 and 8.2% in 2020. As UNIAN reported earlier, the State Statistics Service of Ukraine confirmed the estimate of real GDP growth in Ukraine in the second quarter of 2019 in annual terms by 4.6%, published in August. The state budget of Ukraine for 2019 is based on the Cabinet&#39;s macroeconomic forecast with real GDP growth set at 3%. In July, the National Bank raised its forecast for real GDP growth in 2019 to 3% from 2.5% projected previously. The International Monetary Fund and the World Bank forecast economic growth in Ukraine this year at 2.7%.

IMF improves forecast for Ukraine's economic growth

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