National Bank projects GDP to decline by at least a third due to war

National Bank projects GDP to decline by at least a third due to war

According to the National Bank estimates, GDP will decline by at least a third at the end of the year.

"As a result of the war, we expect GDP to decline by at least a third. We expect the inflation rate to speed up and exceed the 20% level," Deputy NBU Governor Serhiy Nikolaychuk said at a press briefing on the financial stability report, an Ukrinform correspondent reports.

He noted that the National Bank expected those processes to "remain controlled."

As reported, Ukraine’s GDP growth was over 3% in 2021.


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