World Bank downgrades 2018 Ukraine GDP forecast to 3.3%
5 October 2018
The World Bank downgraded its forecast for Ukraine’s
2018 GDP growth to 3.3% yoy from 3.5%, the Interfax Ukraine news agency
reported on Oct. 4, citing Faruk Khan, the World Bank program leader covering
Belarus, Moldova and Ukraine.
The World Bank expects Ukraine’s GDP to increase 3.5%
in 2019. Meanwhile, in the absence of IMF financing,
GDP growth might decelerate to 2% yoy in 2019.
Recall, Ukraine’s national bank expects 3.4% yoy real GDP growth in 2018 and 2.5% yoy growth in 2019,
according to its July 19 inflation report.
Evgeniya Akhtyrko: This
revision looks logical amid slowing growth of private consumption
and negative net exports. Now, the World Bank
expectation coincides with our 2018 GDP growth forecast of 3.3% yoy that we
released in February.
