Growth in Ukraine will slow down by 2% this year, before rebuilding up to 5.2% in 2026, if military operations stop and rebuild will begin.
The World Bank confirmed the January forecast of slowing the Ukraine GDP from 2025 to 2% from 2.9% last year. This is stated in a document published Wednesday, April 23, reports Interfax-Ukraine.
The forecast reflects expectations that active hosses will continue in 2025, as economic recovery will begin in 2026, subject to the end of the conflict and the beginning of the rebuilding.
According to the forecast, in 2026 it is expected to restore GDP growth to 5.2%, subject to the halt and beginning of the change process.
“It is expected that in Ukraine the growth will slow down to 2% this year before recovering from 5.2% in 2026, if military operations have stopped and rebuilding will begin,” the report said.
MB noted that against the background of the ongoing adventure, the growth in Ukraine last year fell to 2.9% from 5.5% in 2023.
“Decreased external demand, lack of labor and additional disruptions in the supply of electricity due to war are one of the major factors in the decline in growth,” the bank explained.
Earlier, the National Bank of Ukraine exacerbated the major macroeconomic indicators for the current and subsequent year.
Thus, the NBU exacerbated the economic growth forecast by 3.6% from 4.3% in the previous October forecast, and inflation up to 8.4% from 6.9%.
IMF exacerbates the forecast for growing the global GDP up to 2.8%
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.