GDP growth to exceed 4% in 2021 – advisor to chief of president's office

Photo from UNIAN The growth of the country&#39;s gross domestic product (GDP) in 2021 will exceed 4%, suggests Oleh Ustenko, an advisor to the Chief of the President&#39;s Office. "Growth at 4% is the baseline forecast. But we expect the growth to be greater," the President&#39;s Office quoted Ustenko as saying. According to Ustenko, the IMF forecast for Ukraine&#39;s GDP growth at 4% is lower than the figure laid down in the 2021 national budget. "The national budget provides for the real growth within 4.2%-4.3%. Also, President Zelensky speaks of the need to reach a 5% growth per year since it&#39;s precisely such growth makes it possible to effectively fight poverty," he added. The expert noted that this year&#39;s GDP growth in Ukraine is possible due to an increase in households&#39; consumption following the rise in minimum and average wages. Read alsoIMF publishes outlook for Ukraine economy until year-endThe lending resource will also become available, including via the Affordable Loans: 5%-7%-9% program, mortgage lending, and the lowering of the National Bank&#39;s key rate. "In addition, investments, additional expenditures of the national budget, and an improvement in the global environment will have a positive effect on the economy," the expert summed up. Background The World Bank expects a moderate recovery of the Ukrainian economy in 2021 with a 3.8% GDP growth.

GDP growth to exceed 4% in 2021 – advisor to chief of president's office

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