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NBU improves Ukraine’s growth forecast to 3.5% on year in 2020
Journal Staff Report

KYIV, Oct 24 – The National Bank of Ukraine (NBU) has improved macro forecasts for 2019-2021: the assessment of real economic growth this year has been increased from 3% to 3.5%, in the next year from 3.2% to 3.5% and in 2021 from 3.7% to 4%.

"This is due to a steady domestic demand, a higher productivity in agriculture, an improved consumer sentiment," the NBU said.

"At the same time, the slowdown in the global economy and the deterioration of the terms of trade will be the constraining factors for economic growth in 2020," the regulator noted.




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