Dragon Capital raises Ukraine's GDP growth forecast in 2023

Dragon Capital raises Ukraine's GDP growth forecast in 2023

The Dragon Capital investment company has upgraded its Ukraine’s economic growth forecast in 2023 by 0.7 percentage points to 5.2% yoy.

This is said in a report released by the company’s press service, Ukrinform reports.

"Ukraine's economy continues to recover faster than expected, driven by increased exports through seaports, stable electricity supply, and better-than-expected harvests," the report says.

Read also: Inflation slows to 5.1% yoy in Nov

Dragon Capital estimates that Ukraine’s real GDP growth in November-December will slow from +10.5% in October, estimated by the Ministry of Economy, mainly due to fluctuations in agricultural production. However, according to the company’s estimates, in the fourth quarter of 2023, Ukraine’s real GDP is expected to grow by 5% yoy, compared to 3% previously forecast.

The company maintains its economic growth forecast for 2024, expecting Ukraine’s real GDP to grow by 4% yoy.

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.

© 2015-2024 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: