Ukraine’s GDP will grow by 2% this year.
The European Bank for reconstruction and development (EBRD) has confirmed the forecast of growth of gross domestic product (GDP) of Ukraine in 2017 at 2% and 3% in 2018.
This is stated in the Bank’s report on regional economic Outlook, covering the situation in 37 countries with emerging markets.
Among the factors that have a positive impact on the dynamics of Ukraine’s GDP, EBRD experts note the growth of consumption and real wages. We will remind, similar projections previously published and the national Bank of Ukraine.
However, high interest rates and inflation have a negative impact on lending to the economy.
“The banking system has stabilized, but the growth of lending to the economy remains weak amid high interest rates. Consumer inflation has slowed, but remains high (16.4% in annual terms in September),” – said in the document.
Recall that in 2016, the Ukrainian economy grew by 2.3%, the nominal GDP was 2.4 trillion UAH.
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