EBRD worsens forecast for Ukraine's economic growth for 2019

The European Bank for Reconstruction and Development (EBRD) has worsened its forecast for Ukraine's gross domestic product (GDP) growth to 2.5% from 3% in 2019.

"In Ukraine, a deceleration of growth in key trading partners and domestic political uncertainties due to twin elections are expected to cause a temporary slowdown in growth to 2.5% in 2019, from 3.3% in 2018," reads the statement on the EBRD’s website.

As reported, GDP in 2019 will grow by 2.5% according to the NBU’s forecasts, by 2.7% according to the IMF and the World Bank, and by 3.0% according to the Cabinet of Ministers.

ish