REUTERS
Inflation outlook for 2019 remains unchanged at 6.3%.
The National Bank raised its forecast for the growth of Ukraine's real gross domestic product in 2019 to 3% from 2.5% projected previously.
The central bank says the outlook for 2020 was also revised upwards to 3.2% from an earlier 2.9%, while the forecast for 2021 remained unchanged at 3.7%.
According to the regulator's estimates, the pace of Ukraine's economy rise will increase due to stable domestic demand, better terms of trade and the expected growth of grain harvest.
The NBU called the low global economic activity and the drop in the volumes of gas transit toward Europe from 2020 due to the construction of bypass gas pipelines as constraining factors for the growth of Ukraine’s GDP in the coming years.
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According to the NBU, inflation outlook has remained unchanged at 6.3% this year and 5% both in 2020 and 2021.
UNIAN memo. The State Statistics Service of Ukraine said real GDP growth in Ukraine in 2018 accelerated to 3.3% from 2.5% a year earlier, having become the largest over the past seven years.
Inflation in Ukraine in 2018 slowed to 9.8% from 13.7% in the previous year.
The state budget of Ukraine for 2019 is based on a macroeconomic forecast with real GDP growth of 3% and inflation at 7.4%.
The National Bank of Ukraine predicts in 2019 a slowdown in inflation to 6.3%, while the International Monetary Fund and the World Bank believe it will slow down to 7.3%.
According to the consensus forecast of experts polled by UNIAN, this year Ukraine is expected to see a 7.2% slowdown in consumer price growth.