The IMF downgraded the GDP growth forecast for Ukraine by 0.5%

МВФ ухудшил прогноз роста ВВП Украины на 0,5%

The international monetary Fund in its October report the global economy (World Economic Outlook, WEO) downgraded its estimate of growth of Ukraine’s GDP in 2019, up 2.7% from 3.3% projected in April.

It is reported by Interfax-Ukraine on Tuesday, 9 October.

The Fund also downgraded its growth forecast for the year 2020 to 3.4% from 4%, at the same time improved by the end of this year to 3.5% from 3.2%.

The average annual inflation in 2018 improved 0.1 percentage points (PP) to 10.9%, in 2019 – 0.7 percentage points, to 7.3%.

The forecast of growth of consumer prices by the end of 2018, remains unchanged, while by the end of 2019 improved to 6.2% from 6.5%.

The Foundation has also improved the rating of the current account deficit of the balance of payments in 2018, to 3.1% from 3.7% of GDP, at the same time in 2019, downgraded to 3.9% from 3.5% of GDP. In the next five years is expected to reduce the current account deficit of the balance of payments of 3,1% (in April was forecast to rise to 4%).

We will remind, last week the world Bank downgraded the GDP growth forecast for Ukraine to 2018 to 3.3% from 3.5%, and in 2019 – to 3.5% from 4%.

Earlier in August, it was reported that in the second quarter of 2018, the Ukrainian economy has accelerated to 3.6%. Compared to the previous quarter the economy added 0.9 percent. Ukraine’s GDP grows tenth consecutive quarter.

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