KYIV, April 16 – Ukraine’s economy is likely to expand 3.8% on the year in 2021, down from 4.2% growth seen previously, the National Bank of Ukraine said in its latest economic forecast.

The economy likely to expand 4% on the year in 2022, the NBU said.

"The Ukrainian economy is recovering, although slower than expected due to tightening of quarantine restrictions. Factoring in losses caused by the pandemic, the NBU revised downward its real GDP growth forecast for 2021, from 4.2% to 3.8%," the NBU reported.