World Bank expects 3.5% economic growth in Ukraine in 2018

The World Bank expects Ukraine's real GDP may grow by 3.5% in 2018, which corresponds to the previous forecasts, announced in October 2017.

The current forecast for economic growth in Ukraine in 2018 is 3.5%, according to Lead Economist and Program Leader covering Belarus, Moldova and Ukraine Faruk Khan, who reported on an updated macroeconomic forecast April 10.

At the same time, the World Bank envoy said modest growth of the country's economy in 2017 at 2.5% is bad news, explaining such a low figure, among other things, by investors' concern over the low pace of reform.

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The World Bank outlook suggests Ukraine to see a 4% GDP growth in 2019, as well as 2020.

According to operational data by the State Statistics Service of Ukraine, GDP growth in 2017 increased from 2.2% to 2.5%.

The IMF expects 3.2% economic growth in Ukraine in 2018, while Ukraine Government estimates it at 3% and the National Bank – at 3.2%.