Ukraine's GDP grew by 3.1% y/y in January-March 2018

Ukraine's GDP grew by 3.1% y/y in January-March 2018
Ukraine's GDP grew by 3.1% in January-March 2018 y/y, the State Statistics Service of Ukraine reported on May 15.
By bne IntelliNews May 16, 2018

Ukraine's GDP grew by 3.1% y/y in January-March 2018, the State Statistics Service of Ukraine reported on May 15. The country's economy grew by 0.9% compared with the previous quarter.

The World Bank previously left unchanged its forecast for the growth of Ukraine's GPD in 2018 and 2019 at the level of 3.5% and 4% respectively, but that is assuming Kyiv continues to implement reforms recommended by the country’s donors. If they are not implemented, economic growth may slow to 2% the development bank said in a report.

The IMF retained the forecast for GDP growth in Ukraine in 2018 at 3.2%, while at the same time worsened it for 2019 to 3.3% from 4%.

The country’s central bank, the NBU, predicts an acceleration of GDP growth in 2018 to 3.4% from 2.5% in 2017, followed by a slowdown in 2019-2020 to 2.9%.

The European Bank for Reconstruction and Development (EBRD) left unchanged its forecast for the growth of the Ukrainian economy in 2018 at 3%, and expects the growth rate would be maintained in 2019.

 

Data

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