NBU expects Ukraine’s economic recovery to begin in autumn

NBU expects Ukraine’s economic recovery to begin in autumn

The National Bank of Ukraine (NBU) expects that the economic recovery in Ukraine will begin at the end of the third quarter of 2020.  

First Deputy NBU Governor Kateryna Rozhkova said this at a briefing on March 27, an Ukrinform correspondent reported.

"We expect, basing on the forecasts we hear, that from the end of the third quarter, the economy will recover and customers and banks will return to normal regime," Rozhkova said.

As Ukrinform reported, according the National Bank estimates, the impact of the coronavirus outbreak on Ukraine's balance of payments will be insignificant, but the pandemic is likely to have a negative impact on economic growth overall.


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