The IMF worsened its forecast for Ukraine
In its October review of the world economy, the International Monetary Fund lowered its estimate of Ukraine’s gross domestic product growth in 2019 to 2,7% from 3,3% projected in April, a PolitNavigator correspondent reports.
This was reported by the Foundation's Representative Office in Ukraine.
In addition, the Fund worsened its GDP growth forecast for 2020 to 3,4% from 4%, but improved this figure by the end of 2018 to 3,5% from 3,2%.
The estimate of average annual inflation in 2018 was improved by 0,1 percentage points - to 10,9%, in 2019 - by 0,7 percentage points, to 7,3%. The forecast for consumer price growth by the end of 2018 remained unchanged, while by the end of 2019 it was improved to 6,2% from 6,5%.
The Fund also improved the estimate of the current account deficit for 2018 - to 3,1% from 3,7% of GDP, while at the same time for 2019 it worsened to 3,9% from 3,5% of GDP. In a five-year perspective, the current account deficit of the balance of payments is expected to decrease to 3,1% (in April, an increase to 4% was predicted).
In addition, IMF experts revised the forecast for the unemployment rate in Ukraine: the estimate for 2018 was worsened to 9,4% from 9,2%, for 2019 - to 9,2% from 8,8%.
English version :: Read in English: The IMF has downgraded its forecast for Ukraine.