President's Office projects 5.1% GDP growth in 2021

Photo from UNIAN, by Volodymyr Hontar

Deputy head of the Ukrainian President's Office Yulia Svyrydenko says the country's gross domestic product (GDP) may grow by 5.1% in 2021.

Read alsoFurther cooperation with IMF to let Ukraine's economy grow by 4.3% – expertShe made the comment during the All-Ukrainian Forum, titled "Ukraine 30," as reported by an UNIAN correspondent on March 17.

"Our expectation is a 5.1% GDP growth in 2021," she said.

According to Svyrydenko, appropriate monetary and fiscal measures, as well as those to support businesses, must be introduced in the country to achieve such a goal.

"We need at least US$3 billion in foreign investment per year for annual GDP growth at 1%-2%," she added.

Background

• Consumer inflation in Ukraine in February 2021 vs February 2020 accelerated to 7.5% from 6.1% in January 2021 vs January 2020, according to the State Statistics Service.
• The Ministry for Development of Economy, Trade and Agriculture predicts an increase in the country's gross domestic product by 4.6% in 2021.