KYIV, Jan 9 – The World Bank, in its updated Global Economic Prospects, improved its estimate of Ukraine's gross domestic product growth in 2023 to 4.8% from 2% six months earlier and predicted a slowdown in recovery to 3.2% in 2024.

"In Ukraine, the outlook remains highly uncertain. Growth is projected to be 3.2 percent in 2024 and 6.5 percent in 2025. Active hostilities are expected to continue throughout 2024, with base effects and one-off factors including agricultural harvest which should fade. A partial resolution of uncertainty in 2025 would facilitate a resumption of exports and a gradual increase in reconstruction investment," the bank said.