KYIV, Jan 28 - The National Bank of Ukraine (NBU) has downgraded its estimate of the growth of the country's gross domestic product (GDP) in 2021 from 3.1% to 3%, in 2022 - to 3.4% from 3.8%, the NBU said in an inflation report for January, posted on the official website.

"The NBU has downgraded its forecast for Ukraine's economic growth in 2022 to 3.4% from 3.8%. The reasons include high energy prices, the fallout from geopolitical tensions, the global shortage of certain products, and the consequences of the COVID-19 crisis," the bank said.