The World Bank has improved the forecast for Ukraine’s GDP growth

The World Bank has improved the forecast for Ukraine’s GDP growth in 2019.

The World Bank raised the GDP forecast for 2019 from 2.7% to 3.4%.

This was informed by World Bank Senior Economist Anastasia Golovach at a press conference in Kyiv.

“For 2019, we do not expect any surprises and we think that Ukraine’s GDP will grow by 3.6%. A good indicator, but external risks, in some way, are increasing for Ukraine, so the structural transformation of the economy is important,” she said.

According to the State Statistics Service, in the third quarter of 2019 real GDP increased by 4.2% compared to the same period last year.

Compared to the previous quarter (taking into account the seasonal factor), real GDP increased by 0.7%.

There was a 4.6% year-on-year GDP increase during the second quarter of 2019. The growth rate accelerated from 2.5% in the first quarter of 2019.

The actual growth rate of Ukraine’s economy in the second quarter exceeded the projections of the National  Bank.

EMPR

Photo credits: unian

Source: epravda

Tags: Business Ukraine world bank