KYIV, Feb 17 – Alfa-Bank has improved Ukraine’s real GDP growth forecast for 2020 from 3% to 3.2% and expects economic growth to reach 3.8% in 2021, according to the bank's macroeconomic forecast under the base case (most probable) posted on its website last week.

According to the document, the economy would expand with moderate rates of 2.3-2.5% during the first three quarters of 2020. At the same time, the bank sees prospects for economic growth accelerating in the fourth quarter of 2020 to more than 4% due to expected thrust in bank lending, which would provide additional impetus for domestic demand.