World Bank affirms Ukraine's GDP growth forecast at 2.7% in 2019

GDP growth was 3.3% in 2018.

World Bank Director for Ukraine, Belarus and Moldova Satu Kahkonen has affirmed Ukraine's GDP growth forecast at 2.7% in 2019.

Speaking at a press conference in Kyiv on Thursday, she said GDP growth was 3.3% in 2018, while it would slow down in 2019.

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As UNIAN reported earlier, the National Bank of Ukraine maintained its forecast for the growth of real GDP in Ukraine at 2.5% amid 6.3% inflation at the end of 2019.

UNIAN memo. The growth of Ukraine's real gross domestic product in 2018 accelerated to 3.3%, a seven-year high, from 2.5% in 2017.

Inflation in Ukraine in 2018 slowed to 9.8%, or to a five-year low, from 13.7% in 2017.

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

The International Monetary Fund and the World Bank project 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%.