EBRD confirmed Ukraine's GDP growth in 2017 at 2%

EBRD confirmed Ukraine's GDP growth in 2017 at 2%
Ukraine's GDP is forecast to grow by 2% in 2017 according to the EBRD
By bne IntelliNews November 8, 2017

The European Bank for Reconstruction and Development (EBRD) has confirmed the forecast for the growth of Ukraine's GDP in 2017 at 2% and at 3% in 2018, according to a press release of the bank. This represents no change on its forecast earlier this year in May.

The bank also said consumer price inflation in the country is slowing, but as of September 2017 it was still at a high level - 16.4% compared with last year. Industrial production declined by 0.4% in the first eight months of 2017 as a result of the economic blockade of the territories temporarily out of the Ukrainian authorities' control.

The EBRD also notes that the successful issuance of sovereign eurobonds marked the return of Ukraine to international capital markets, but warns that the continuation of the IMF program for Ukraine is uncertain because it is dependent on reforms being carried out.

Previously the government said that it would receive one more tranche this year, but more recently it admitted that it wont get any IMF money until the start of next year at the earliest.

Related Content