IMF improves forecast for Ukraine's economic growth

The growth of real GDP in Ukraine in 2020 is also expected to be 3%, as before.

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The International Monetary Fund (IMF), Ukraine's key lender, has improved the forecast for economic growth in Ukraine in 2019 to 3% from 2.7% previously projected.

The growth of real GDP in Ukraine in 2020 is also expected to be 3%, as before, according to the IMF's World Economic Outlook for October 2019.

According to the Fund's estimates, consumer price growth in Ukraine will slow down to 7% by the end of 2019, as well as to 5.6% in 2020.

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The current account deficit of the balance of payments will amount to 2.8% of GDP in 2019 and 3.5% of GDP in 2020.

According to IMF forecasts, the unemployment in Ukraine will drop to 8.7% in 2019 and 8.2% in 2020.

As UNIAN reported earlier, the State Statistics Service of Ukraine confirmed the estimate of real GDP growth in Ukraine in the second quarter of 2019 in annual terms by 4.6%, published in August.

The state budget of Ukraine for 2019 is based on the Cabinet's macroeconomic forecast with real GDP growth set at 3%. In July, the National Bank raised its forecast for real GDP growth in 2019 to 3% from 2.5% projected previously.

The International Monetary Fund and the World Bank forecast economic growth in Ukraine this year at 2.7%.

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