World Bank predicts decline in Ukraine's GDP next year
Ukrinform
The World Bank has predicted a decline in real GDP of Ukraine, from 3.5% in 2018 to 2.9% in 2019, which is fundamentally different from the IMF forecasts for Ukraine after the launch of the new Stand-By Arrangement.
The World Bank published the relevant data in the report Global Economic Prospects on its official website.
Thus, according to the forecast table for the countries of Europe and Central Asia, the real GDP of Ukraine according to the results of 2018 is estimated at 3.5%. In 2019, Ukraine's GDP is expected to drop to 2.9%. At the same time, Ukraine's GDP in 2020 is projected to rise to 3.4%, and in 2021-3.8%.
As reported, on December 18, 2019, the Executive Board of the International Monetary Fund approved a 14-month Stand-By Arrangement (SBA) for Ukraine worth a total of $3.9 billion. The IMF experts, in particular, predicted a significant increase in real GDP of Ukraine in 2019 at the level of 3.916%, and in 2020 – 4.433%.
