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IMF expects Ukraine's GDP to grow by 3% in 2020

IMF expects Ukraine's GDP to grow by 3% in 2020
Photo: publika.md

The International Monetary Fund (IMF) expects that Ukraine's GDP would grow by 3% at the end of 2019 and by 3% in 2020, according to its Economic Outlook posted on the IMF's website, Interfax-Ukraine has reported.

According to the document released on Tuesday, the IMF also expects that the inflation rate in Ukraine this year will be 8.7%, and in 2020 it will drop to 5.9%.

Consumer price growth at the end of this year will be 7%, and at the end of 2020 – 5.6%, according to the IMF's forecasts.

According to the Fund's expectations, in 2024 real GDP could accelerate its growth to 3.3%, while inflation will drop to 5% by 2024.

As indicated in the materials, the current account deficit this year will be at 2.8%, and next year it will increase to 3.5%.

At the same time, the unemployment rate this year and next year will be at the level of 8.7% and 8.2%, respectively.

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