NBU has lowered its GDP growth forecast for next year

The national Bank of Ukraine (NBU) has downgraded expectations for economic growth of Ukraine in 2019 and predicts a slowdown to 2.5%.

НБУ ухудшил прогноз роста ВВП в следующем году

About it reported in a press-service of the NBU.

According to the NBU, in 2019, real GDP growth will slow to 2.5% (previous forecast of 2.9%) due to the exhaustion of the effects of raising social standards, and because of the restraint of fiscal policy, and this will be determined by the need to repay large amounts of public debt.

The GDP growth forecast in 2018 and 2020, the regulator left unchanged at 3.4% and 2.9% respectively.

“The key assumption outlined scenario remains further progress in implementing structural reforms under the program of cooperation with the IMF,” — noted in the NBU.

Earlier it was reported that according to the state statistics service, Ukraine’s GDP growth in 2017 has accelerated and amounted to 2.5%, while growth for the previous 2016-God was 2.4%.

In the first quarter of 2018 compared to the same period last year astralnova gross domestic product (GDP) of Ukraine amounted to 2.3%.

Recall, the IMF revised the growth rate of the Ukrainian economy by 2019, increasing the nominal GDP from $118,8 billion to $of 126.7 billion.

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