The economy of Ukraine in the current year 2017 will grow more than previously expected 2.2% instead of 1.6%.
Such updated forecast of growth of gross domestic product (GDP) published the national bankukraine (NBU).
The improving growth prospects of the economy is due to “the favorable impact of both internal and external factors, which was reflected in the best results of economic activity in most sectors in the second and third quarters of this year than previously expected,” said the NBU.
In 2018-2019, GDP growth will accelerate to 3.2% and 3.5%, respectively.
According to the national Bank, the main engine of the economy will be the growth of consumer activity of the population due to the increase of salaries and pensions. In particular, in 2017 the national Bank expects private consumption growth of 6% in the future – at the level of 4%.
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