Minister Mylovanov forecasts economic growth of up to 4.8% in 2020

Minister Mylovanov forecasts economic growth of up to 4.8% in 2020

Economic Development, Trade and Agriculture Minister of Ukraine Tymofiy Mylovanov believes it is quite possible to achieve 4.8% economic growth in 2020 if the government program is implemented and the business climate is improved.

 “The World Bank’s growth rate forecast of 3.7% is in line with that of the Economic Development Ministry. We also have a more optimistic scenario of 4.8% provided that the government program is implemented successfully and the business climate in Ukraine changes for the better,” Mylovanov wrote on Facebook, commenting on improved World Bank forecast of Ukraine’s economic growth for 2020 from 3% to 3.7%.

According to him, it is necessary to work on creating conditions for protection of property rights, liberalization of markets, judicial reform, to ensure the high-quality work of law enforcement agencies, and to pull oligarchs and stakeholders away from the government and politicians.


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.

© 2015-2020 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: