NBU: Real GDP growth to slow down to 2.5 percent

NBU: Real GDP growth to slow down to 2.5 percent

Ukrinform
The National Bank of Ukraine forecasts that the real GDP growth in 2019 will slow down to 2.5 percent.

"Last year, the Ukrainian economy showed record growth for the past seven years - 3.3%, according to the latest National Bank estimates. However, in 2019, the real GDP growth is expected to slow down to 2.5% due to the tight monetary policy necessary to reduce inflation to the target and the restrained fiscal policy caused by the repayment of significant parts of public debt this year," First Deputy Governor of the National Bank of Ukraine Kateryna Rozhkova said at a briefing, an Ukrinform correspondent reports.

Rozhkova noted that the grain crop was also expected to decline after the record, which made agriculture the main driver of economic growth in 2018. An additional factor will be the gradual global economic and trade slowdown, in particular, due to the impact of protectionist measures in the world.

In addition, the private consumption will remain a key driver of economic growth due to further increase in real incomes - wages, pensions and money transfers from abroad.

While citing and using any materials on the Internet, links to the website ukrinform.net 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 ukrinform.net 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.

© 2015-2024 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-