World Bank worsens outlook for Ukraine GDP growth in 2019

The bank says in 2018, GDP in Ukraine climbed 5%.

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One of Ukraine's key creditors, the World Bank, has worsened its forecast for real GDP growth in Ukraine in 2019 to 2.9% from 4% previously projected.

According to the bank's report on global economy prospects, in 2020, Ukraine's economy is expected to grow by 3.4%, and in 2021 – by 3.8%.

At the same time,the World Bank says in 2018, GDP in Ukraine climbed 5%.

As UNIAN reported earlier, the State Statistics Service estimated Ukraine's GDP growth in the third quarter of 2018 in annual terms at 2.8%, in the second quarter – at 3.8%, and in the first quarter – at 3.1%.

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The National Bank predicts Ukraine’s GDP growth in 2019 at 2.5%, while the Cabinet of Ministers suggests it will rise by 3%.

The International Monetary Fund believes Ukraine GDP in 2019 will grow 2.7%.

According to the consensus forecast of experts polled by UNIAN, in 2019, Ukraine’s economic growth will slow down to 2.8%.

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