KYIV, June 10 – Ukraine’s economy will expand 3.8% on the year in 2022, 4.7% in 2023 and 5% in 2024, according to the government’s macroeconomic forecast.

The nominal gross domestic product (GDP) is expected to hit UAH 5.368 trillion in 2022, UAH 5.993 trillion in 2023 and UAH 6.651 trillion in 2024, the paper said.

Annual inflation on average in 2022 will be 7.2%, and at the end of the year (December to December) will be 6.2%. In the next two years, the growth of average annual inflation will be 6% and 5.2%, and at the end of the year (December to December) will be 5.3% and 5% in 2023 and 2024, respectively, the government said in the resolution.