World Bank keeps forecast of Ukraine's GDP growth at 2.7% in 2019

World Bank keeps forecast of Ukraine's GDP growth at 2.7% in 2019

The World Bank has kept unchanged the forecast of Ukraine's GDP growth at 2.7% in 2019.

The World Bank Country Director for Belarus, Moldova, and Ukraine, Satu Kahkonen, stated this at a press conference, according to an Ukrinform correspondent.

At the same time, she noted that the current year would be quite difficult for Ukraine due to investors' uncertainty because of elections. In addition, Ukraine may face challenges of attracting external financing.

According to Kahkonen, to continue the trend of successful economic growth, Ukraine should lift the moratorium on the sale of agricultural land, solve the issue of troubled loans in state-owned banks and continue the fight against corruption.

As Ukrinform reported, the National Bank projected that Ukraine’s GDP in 2019 would grow by 2.5%, the IMF and the World Bank projected the growth by 2.7%, and the Cabinet of Ministers - by 3.0%.


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: