The IMF has forecast the growth of the Ukrainian economy

News

The IMF has forecast the growth of the Ukrainian economy

07.04.2021 News

In 2021, the Ukrainian economy will grow by 4%. This is stated in the updated IMF forecast.

At the same time, next year growth will slow to 3.4%.

Inflation in Ukraine is expected to increase to 7.9% in 2021 after declining to 2.7% in 2020, and to 6.8% in 2022.

The current account surplus of 4.3% of GDP in 2020 in 2021 will be replaced by a deficit of 2.5% of GDP and its increase to 3.6% of GDP in 2022.

The IMF forecasts a decrease in unemployment in Ukraine from 9% last year to 8.6% this year and 8.4% next year.

At the same time, the IMF predicts that in five years Ukraine’s economy will grow by 4% per year with an average annual inflation of 5% and a current account deficit of 3.8% of GDP.

Note that in 2021 the Ukrainian economy began to fall in January by 2.6-2.8%. At the same time, the Ministry of Economy maintains the forecast for the current year of economic growth of 4.6%.

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