IMF holds modest growth forecast for Ukraine

This is stated in the IMF’s updated World Economic Outlook (WEO) report, presented in Washington on Tuesday by IMF Chief Economist Pierre-Olivier Gourinchas, an Ukrinform correspondent reports.

According to the section on European economies, Ukraine’s real GDP growth is projected to reach 2.0% in 2025 and 4.5% in 2026, repeating the figures from the April WEO, except that the Fund has revised down Ukraine’s 2024 GDP from 3.5% to 2.9%.

The consumer price index forecast for Ukraine remains largely unchanged — 12.6% this year and 7.6% next year (the April report projected 7.7% for 2026).

At the same time, the current account balance outlook has worsened noticeably — now expected at -16.5% of GDP in 2025 and -12.6% in 2025, compared with -15.9% and -10.6% in the previous projections.

The IMF also forecasts a slight uptick in unemployment, from 11.5% to 11.6% this year, before easing to 10.2% in 2026.

As Ukrinform reported, the IMF expects global economic growth to remain modest this year and next, though the updated forecast suggests a slight improvement compared to previous estimates.