January 23, 2025
Ukraine's economy will grow more slowly: the NBU worsened the forecast thumbnail
UKRAINIAN NEWS

Ukraine’s economy will grow more slowly: the NBU worsened the forecast

The National Bank worsened the estimate of real GDP growth of Ukraine from 4.3% to 3.6% in 2025 and from 4.6% to 4% at the end of 2026.

This is stated in the press release of the NBU.

“Taking into account the security risks and the difficult situation on the labor market, the National Bank of Ukraine lowered the real GDP growth forecast for 2025 to 3.6%,” the message reads.

According to the NBU’s estimates, in 2024 the real GDP of Ukraine will grow by 3.4%, which is less than the NBU’s October forecast. The pace of economic growth has slowed compared to 2023.

At the same time, the basic scenario of the NBU forecast, as before, foresees a gradual return of the economy to normal operating conditions. Accordingly, a moderate acceleration of economic growth is expected in 2026-2027 – up to about 4%.

On the one hand, the consequences of the war, which affected the shortage of labor and the lack of productive capital, will continue to limit the economy.

On the other hand, investments in energy and production facilities, preservation of a rather soft fiscal policy and growth of private consumption against the background of increasing incomes of the population will contribute to the recovery.

”, — write: epravda.com.ua

The National Bank worsened the estimate of real GDP growth of Ukraine from 4.3% to 3.6% in 2025 and from 4.6% to 4% at the end of 2026.

This is stated in the press release of the NBU.

“Taking into account the security risks and the difficult situation on the labor market, the National Bank of Ukraine lowered the real GDP growth forecast for 2025 to 3.6%,” the message reads.

According to the NBU’s estimates, in 2024 the real GDP of Ukraine will grow by 3.4%, which is less than the NBU’s October forecast. The pace of economic growth has slowed compared to 2023.

At the same time, the basic scenario of the NBU forecast, as before, foresees a gradual return of the economy to normal operating conditions. Accordingly, a moderate acceleration of economic growth is expected in 2026-2027 – up to about 4%.

On the one hand, the consequences of the war, which affected the shortage of labor and the lack of productive capital, will continue to limit the economy.

On the other hand, investments in energy and production facilities, preservation of a rather soft fiscal policy and growth of private consumption against the background of increasing incomes of the population will contribute to the recovery.

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