The EBRD has improved its outlook for the Ukrainian economy

News

The EBRD has improved its outlook for the Ukrainian economy

30.06.2021 News

In the June forecast, the European Bank for Reconstruction and Development improved its expectations for Ukraine’s economic growth in 2021 from 3% to 3.5%.

The EBRD forecasts the same growth next year.

The Bank’s analysts believe that the main risks to Ukraine’s economy are related to the slow progress of reforms in the country and the relatively slow pace of vaccination.

“Although the economy declined by 2% year on year in the first quarter of 2021 due to long-term quarantine restrictions, there are signs that it is gradually returning to growth in the second quarter due to higher commodity prices,” the forecast said.

According to the Ministry of Economy, the decline in GDP for the four months of 2021 slowed to 0.2%

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