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The National Bank of Ukraine (NBU) notes an increased risk that Ukraine's real GDP in 2017 may be slightly lower than 2.2% projected in October, according to the updated data of the State Statistics Service on the growth of the country's real GDP.
"Given the harvest of late cereals and industrial crops that was below the expectations, as well as the high comparative base last year, the decline in agriculture in the fourth quarter of 2017 may be more significant than projected," the regulator told UNIAN.
Read alsoGDP in Ukraine up 2.1%: State Statistics Service
According to the NBU, domestic demand was the main driver of GDP growth in Q3 2017.
As UNIAN reported earlier, the growth of Ukraine's real GDP in annual terms slowed to 2.1% in Q3 2017 after a 2.3% growth in Q2 2017 and a 2.3% increase in Q1 2017.
Ukraine's GDP grew by 2.3% in 2016. At the same time, economic growth has been recorded for the first time in Ukraine over the past four years.
The International Monetary Fund on October 10 predicted the country's GDP would grow by 2% in 2017.
On October 3, the World Bank also retained its forecast for Ukrainian economy growth at 2% in 2017.
The Cabinet of Ministers of Ukraine projects economic growth at 2% in 2017, while the National Bank forecasts the growth at 2.2%.