The revision of the macro forecast for the current year is related to the assumption that the conflict will last “almost a full year.”
In 2023, the growth of the Ukrainian economy will not exceed 1%. This is what Deputy Economy Minister Serhiy Sobolev said, Interfax-Ukraine reports on Monday, March 6.
According to him, the Ministry of Economy revised its macro forecast for the current year, which previously assumed GDP growth of 3.2%. This was due to the assumption that the conflict would not end by the middle of the year, but would last “almost a full year.”
At the same time, Sobolev announced an improved inflation forecast.
“It seems that we have passed the peak of inflation – it is gradually decreasing. We predict that it will decrease from 26.6% in 2022 to 24%,” he said in a discussion organized by the Center for Economic Strategy (CES) .
Earlier, the Ministry of Economy predicted inflation for this year at 28%. This forecast is included in the state budget law for 2023.
Recall that in January, the National Bank worsened its GDP growth forecast for 2023 from 4% to 0.3%, and improved inflation from 20.8% to 18.7%.
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Source: korrespondent
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