IMF keeps economic growth forecast for Ukraine in 2019 unchanged

Ukraine's real GDP in 2020 is expected to grow by 3%.

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The International Monetary Fund (IMF), Ukraine's key lender, has kept its economic forecast for the country unchanged, saying the Ukrainian economy will grow by 2.7% in 2019.

Ukraine's real GDP in 2020 is expected to grow by 3%, as before, according to the IMF's April 2019 World Economic Outlook.

Read alsoWorld Bank worsens forecast for Ukraine's economic growth to 2.7%

The country's economy in 2018 grew by 3.3%, according to the Fund's estimates.

The IMF says the average annual inflation in Ukraine may reach 8% in 2019 and 5.9% in 2020.

As UNIAN reported earlier, the growth of Ukraine's real gross domestic product in 2018 accelerated to 3.3%, a seven-year high, from 2.5% in 2017. Ukraine's GDP growth has been accelerating for the third year in a row.

Inflation in Ukraine in 2018 slowed to 9.8% from 13.7% a year earlier.

The National Bank of Ukraine predicts a slowdown in Ukraine's economy to 2.5% in 2019 amid 6.3% inflation at the year-end.

Ukraine's national budget for 2019 is based on a macroeconomic forecast with a 3% increase in real GDP amid 7.4% inflation.

The World Bank projects a 2.7% growth in Ukraine's economy amid 7.3% inflation.

According to the consensus forecast compiled by UNIAN based on experts' estimates, the country's economic growth in 2019 will slow to 2.8%, while the growth of consumer prices will decelerate to 7.2%.

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