EBRD improves outlook of Ukraine economic growth

Photo from UNIAN The European Bank for Reconstruction and Development has improved its outlook of the gross domestic product growth in Ukraine in 2019 to 3.3% from 2.5% previously projected. According to the EBRD, the economy has shown resilience to political factors, but the growth rate will remain moderate, as before. The EBRD also noted that, given the upcoming significant amount of repayments of foreign currency borrowings in 2020-2021, the launch of the new program with the International Monetary Fund is extremely important to support investor expectations and macroeconomic stability. Read alsoUkraine&#39;s updated budget draft lays debt to GDP ratio at 45% by end of 2020 As UNIAN reported earlier, the International Monetary Fund predicts economic growth in Ukraine in 2020 at 3% and the World Bank – at 3.7%. The state budget of Ukraine for 2019 is based on the forecast with real GDP growth of 3% and the draft budget for 2020 – of 3.7%. The National Bank predicts the growth of the Ukrainian GDP this year at 3.5% and in the next year – at 3.5%. The economic growth of Ukraine in the second quarter of 2019 in annual terms accelerated to 4.6%. In 2018, the growth in real GDP of Ukraine accelerated to 3.3% from 2.5% in 2017 and became the highest over the past seven years.

EBRD improves outlook of Ukraine economic growth

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