Ukraine economy ministry revises downward 2019 GDP forecast to 2.8% from 3%

Ukraine economy ministry revises downward 2019 GDP forecast to 2.8% from 3%
Ukrainian Economy Ministry has revised downward its forecast for the growth of Ukraine's real GDP in 2019 to 2.8% year-on-year from 3% y/y.
By bne IntelliNews April 16, 2019

Ukrainian Economy Ministry has revised downward its forecast for the growth of Ukraine's real GDP in 2019 to 2.8% year-on-year from 3% y/y.

The ministry also forecasts the 2020 growth at 3.8% y/y, in 2021 at 4.1% y/y, according to local media.

In March, the nation's Prime Minister Volodymyr Groysman said that the Ukrainian government forecasts the economic growth by over 3% y/y in 2019.

Last week, the International Monetary Fund (IMF) has kept unchanged its forecast for Ukraine's GDP growth in 2019 and 2020 at 2.7% year-on-year and 3% y/y respectively.

According to Ukraine's state statistics service Ukrstat, the nation's GDP grew by 3.3% y/y in 2018 following a 2.5% y/y growth in 2017 and a 2.4% y/y growth in 2016.

Ukrstat has also improved the estimate of GDP growth in the fourth quarter of 2018 from 3/4% y/y to 3.5% y/y. According to official data, the nation's GDP grew by 2.8% y/y (0.4% q/q) in the third quarter of 2018.

Data

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