IMF improves forecast for Ukraine’s GDP growth

IMF improves forecast for Ukraine’s GDP growth

The International Monetary Fund (IMF) has said that Ukraine’s real GDP growth is expected to be at 3.5% in 2018, which is several points higher than the Fund’s previous forecast released in April.

This is stated in the Fund’s latest World Economic Outlook report released on Tuesday, an Ukrinform correspondent reports.

Thus, according to the report, the level of Ukraine’s real GDP growth, which was 2.5% in 2017, is expected at 3.5% in 2018. In the previous forecast, Ukraine’s real GDP growth in 2018 was estimated at no more than 3.2%. At the same time, the IMF predicts a decrease in Ukraine’s GDP growth to 2.7% in 2019.

The IMF also released other important indicators of economic growth. Thus, the consumer price index in Ukraine is expected to stop at around 10.9 this year, while next year it will decrease to 7.3. This also shows a positive trend compared with the April forecast.

The balance of current accounts in Ukraine will remain negative at minus 3.1% in 2018 and minus 3.9% in 2019. The unemployment rate in Ukraine is expected to be 9.4% in 2018 and 9.2% in 2019, according to the IMF.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: