IMF improves forecast for Ukraine’s GDP growth

IMF improves forecast for Ukraine’s GDP growth

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Ukrinform
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.

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