World Economy

Ukraine Growth Forecast Retained

Ukraine Growth Forecast Retained Ukraine Growth Forecast Retained

The International Monetary Fund has retained the current forecast of Ukraine’s GDP growth at the rate of 3.2%. However, the forecast for the next year worsened—down to 3.3%. The IMF in its April 2018 issue of the World Economic Outlook report also says that the forecast of the average annual inflation in 2018 decreased by 4%—to 11%, reported. In 2019, the fund expects the average annual inflation in Ukraine at the rate of 8%. Meanwhile, the National Bank of Ukraine left its inflation growth forecast unchanged. “The country is expected to grow by 3.5% in 2018, if the pending anti-corruption, land, state-owned bank governance, and privatization reforms are advanced in the upcoming months. This would signal potential investors. Should the reforms get delayed, the country’s economic expansion could be slower than the current levels amid uncertain macroeconomic environment as financing risks rise dramatically,” the World Bank said in its press release. However, safeguarding the macroeconomic stability and completion of key pending reforms by July 2018 to bolster investor confidence can help boost growth within the next two years, WB said.


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