NBU has lowered its growth forecast for Ukraine’s GDP

Estimates of economic growth for 2018 and 2019 saved unchanged at 3.2% and 4%.

The national Bank of Ukraine (NBU) has lowered its growth forecast for real gross domestic product (GDP) in 2017 from 1.9% to 1.6%, keeping inflation at 9.1%.

About it reported in a press release of the Central Bank.

Estimates of economic growth for 2018 and 2019 saved unchanged at 3.2% and 4%.

Remained unchanged the forecasts for the two subsequent years: 6% in 2018,and 5% in 2019.

In this case, improved expectations of the NBU core inflation. So the forecast for 2017 was reduced from 6.5% to 6.1%, in 2018 – from 4.3% to 3.9%, for 2019 – from 3.7% to 2.8%.

NBU also slightly revised the assessment of the main indicators of the balance of payments: current year, it lowered its forecast for the current account deficit from $4.3 billion to $4.1 billion, while in 2018 it was downgraded from $4.3 billion to $4.6 billion In 2019, the Central Bank expects the current account deficit of $3.9 billion instead of its previous estimate of $4.3 billion.

As for the consolidated balance of payments, current year assessment deficit deteriorated from $0.7 billion to $1.8 billion, while in 2018 and 2019 it is improved respectively to $2.5 billion from $3.2 billion to $0.1 billion $0.5 billion.

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