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The National Bank of Ukraine (NBU) projects real GDP growth in Ukraine at 4-5% in 2019-2020, according to a posting on the regulator's website.
The inflation rate in Ukraine is expected at 5% and the NBU discount rate -- at 6-7%, according to the report.
The projected downward trajectory of inflation reflects a compromise between losses due to high inflation and the process of its slowing down as a result of a tight monetary policy as well as bringing the administratively regulated prices in line with the market level.
Read alsoNBU approves Foreign Exchange Intervention Strategy for 2016-2020As UNIAN reported earlier, Ukraine's GDP in Q2, 2016 increased by 1.4% year-over-year and, when seasonally adjusted, it grew by 0.6% as compared with the previous quarter. Nominal GDP in Q2, 2016 amounted to UAH 531.8 billion, or UAH 12,453 per capita.
Read alsoVice PM names main factors of Ukraine’s economic growth in 2017The key creditor of Ukraine, the International Monetary Fund, forecasts GDP growth in Ukraine in 2016 by 1.5%, with inflation at 15.1%. The World Bank expects GDP growth by 1% with an inflation rate of 15%.
According to an expert consensus forecast compiled by UNIAN, Ukraine's gross domestic product by the end of 2016 could reach 1% with inflation of 19%.