REUTERS
The inflation outlook remains unchanged.
The National Bank of Ukraine (NBU) has revised its forecast for the growth of Ukraine's real gross domestic product (GDP) in 2019 upwards, to 3.5% from a previously projected level of 3%.
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The central bank says the outlook for 2020 and 2021 was also revised upwards, to 3.5% and 4%, respectively.
According to the NBU, the country's inflation outlook remained unchanged at 6.3% this year and 5% both in 2020 and 2021.
As UNIAN reported earlier, the Cabinet of Ministers approved the updated macroeconomic forecast for 2020 and announced the adjustment of the draft national budget as part of its finalization for the second reading based on the conservative forecast with 3.7% GDP growth.
Earlier in October, the World Bank raised its forecast for economic growth in Ukraine in 2020 to 3.7%, from about 3% previously projected. The International Monetary Fund (IMF) expects 3% economic growth in Ukraine.
The country's economic growth in the second quarter of 2019 accelerated to 4.6% year-over-year.
Ukraine's 2019 national budget is based on 3% real GDP growth.