NBU has lowered its forecast of GDP growth in 2017

The index was revised due to the blockade of Donbass.

The national Bank of Ukraine has lowered the forecast of growth of gross domestic product in 2017 from 2.8% to 1.9%. This indicator was revised in connection with a trade blockade is beyond the control of Kiev territories of Donbass and the improved situation on foreign markets.

The estimate of GDP growth of Ukraine for the next year, on the contrary, improved from 3% to 3.2%, the report said the regulator on Tuesday, March 21.

At the same time, the national Bank has confirmed the forecast of inflation for the current year at 9.1% and next 6%.

In connection with the blockade of the assessment of the deficit in the current account balance for 2017 has dropped from 3.5 billion to 4.3 billion, and next year – from 3.4 billion to $ 4.3 billion.

The NBU has also lowered the forecast of the international reserves of Ukraine at the end of this year, with 21.3 billion to 20.8 billion dollars, and at the end the following – from 27.1 billion to 25.9 billion dollars.

“The impact of the blockade on the exchange rate of the hryvnia will be limited. The deterioration in the balance of payments in the first place will be displayed on the net purchase of currency in the market to replenish the reserves,” – emphasizes the Bank.

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