The IMF downgraded the GDP growth forecast for Ukraine

МВФ ухудшил прогноз роста ВВП Украины

The Fund’s experts predicted a significant slowdown in the Ukrainian economy in 2019 and 2020.

The international monetary Fund in its October report the global economy (World Economic Outlook, WEO) downgraded its estimate of growth of Ukraine’s GDP in 2019, up 2.7% from 3.3% projected in April.

It is reported by Interfax-Ukraine on Tuesday, 9 October.

The Fund also downgraded its growth forecast for the year 2020 to 3.4% from 4%, at the same time improved by the end of this year to 3.5% from 3.2%.

The average annual inflation in 2018 improved 0.1 percentage points (PP) to 10.9%, in 2019 – 0.7 percentage points, to 7.3%.

The forecast of growth of consumer prices by the end of 2018, remains unchanged, while by the end of 2019 improved to 6.2% from 6.5%.

The Foundation has also improved the rating of the current account deficit of the balance of payments in 2018, to 3.1% from 3.7% of GDP, at the same time in 2019, downgraded to 3.9% from 3.5% of GDP. In the next five years is expected to reduce the current account deficit of the balance of payments of 3,1% (in April was forecast to rise to 4%).

We will remind, last week the world Bank downgraded the GDP growth forecast for Ukraine to 2018 to 3.3% from 3.5%, and in 2019 – to 3.5% from 4%.

Earlier in August, it was reported that in the second quarter of 2018, the Ukrainian economy has accelerated to 3.6%. Compared to the previous quarter the economy added 0.9 percent. Ukraine’s GDP grows tenth consecutive quarter.

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