The International Monetary Fund decided to revise its forecasts for Ukraine taking into account macroeconomic indicators.
Ukraine’s macroeconomic indicators, despite Russia’s invasion of Ukraine, turned out to be stronger than previously predicted. Thus, the International Monetary Fund decided to revise its forecasts for the economic growth of Ukraine upwards. This was stated in a statement by the IMF.
“Economic stability has led to improved growth indicators, a continued sharp decline in inflation and stability of the foreign exchange market, especially after the National Bank of Ukraine left the exchange rate peg regime, supported by strong reserves,” the report notes.
In November, Ukraine’s baseline real GDP growth forecast for 2023 was revised to 4.5%.
By 2024, growth will slow to 3-4% as the war continues. However, the outlook still faces significant risks due to high levels of uncertainty caused by war, potential policy miscalculations and delays or lack of external funding.
We remind you that the economic growth of Ukraine in 2023 will be faster than expected. This is confirmed by data from the investment company Dragon Capital, which increased its assessment of Ukraine’s economic growth by 0.7 percentage points. up to 5.2% r/s.
Ukraine’s GDP growth accelerates to 10.5%
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.