NBU keeps GDP growth forecast unchanged

NBU keeps GDP growth forecast unchanged

Ukrinform
The National Bank of Ukraine (NBU) has left its forecast for the growth of the country's real gross domestic product (GDP) in 2021–2023 unchanged at about 4%, NBU Governor Kyrylo Shevchenko has said.

He said this at a briefing on Thursday, July 22, the NBU's press service reported.

"Steady consumer demand and favorable conditions for foreign trade compensate for Ukraine's economic losses caused by tightened quarantine last winter and spring. In view of this, the National Bank has kept its forecast for real GDP growth in 2021 unchanged at 3.8%," Shevchenko said.

In the future, according to him, the Ukrainian economy will grow by about 4% annually.

"Apart from high private consumption, this will be facilitated by significant demand for Ukrainian exports, as well as a revival of investment activities of enterprises," he said.

The Ukrainian Economy Ministry projected earlier that Ukraine's gross domestic product (GDP) would grow by 4.1% in 2021 and by 3.7% in 2022.

op


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.

© 2015-2021 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-