Photo from UNIAN
The bank also predicts a further reduction in inflation to 6% in 2020 and 5% in 2021.
The World Bank, one of Ukraine's key lenders, expects a slowdown in inflation in Ukraine from 9.8% in 2018 to 7% in 2019.
In addition, the bank predicts a further reduction in inflation to 6% in 2020 and 5% in 2021, according to the bank's updated economic review, distributed amid a press conference in Kyiv on May 23.
Read alsoUkraine seeing slowdown in economic growth – statistics
The World Bank also forecasts a national budget deficit in Ukraine at 2.3% of GDP in 2019 against 2% in 2018, as well as that at 2.3% of GDP in 2020 with its further decline to 2.2% in 2021.
"The slowdown in economic growth in 2019 was expected," Analyst of the Representative Office of the World Bank in Ukraine Anastasia Holovach said at a press conference, presenting the review.
What is more, the amount of state and government-guaranteed debt may shrink from 62.3% of GDP in 2018 to 57.3% in 2019. The debt is expected to decrease to 54.9% and 52.5% of GDP in 2020 and 2021, respectively.
At the same time, the share of external debt may be 81.8% of GDP in 2019, as well as 79% and 75.4% in 2020 and 2021, respectively.
As UNIAN reported earlier, the World Bank affirmed Ukraine's GDP growth forecast at 2.7% in 2019.
Ukraine's national budget for 2019 is based on a macroeconomic forecast with a 3% increase in real GDP amid 7.4% inflation.
The National Bank of Ukraine predicts a slowdown in inflation to 6.3% in 2019, the International Monetary Fund and the World Bank project 7.3% inflation.
Experts polled by UNIAN forecast the growth of consumer prices in Ukraine will slow to 7.2%.