PM Shmyhal expects gradual growth of Ukraine’s economy in second half of 2020

PM Shmyhal expects gradual growth of Ukraine’s economy in second half of 2020

Ukrinform
The Ukrainian government has developed a program to stimulate the economy, which is primarily aimed at supporting small and medium-sized businesses.

Prime Minister Denys Shmyhal stated this during the Svoboda Slova talk show on ICTV on Monday evening.

According to Shmyhal, the fall in GDP is projected at 4-8% in the government's action program, which was published on Monday

"The consensus forecast of the IMF and the Finance Ministry is fall in GDP by 4-8% this year. But the economy is expected to grow gradually from the second half of the year,” the prime minister stated.

He also added that to overcome the crisis in the country caused by the coronavirus pandemic, the government has developed and submitted for approval a program to stimulate the economy, which is aimed at supporting small and medium-sized businesses.

A reminder that earlier the Cabinet of Ministers published a revised program of its activities, which includes short-term and long-term priorities of the government's activities.

iy


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 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.

© 2015-2020 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-