Dragon Capital investment company, one of the leading players on the Ukrainian market, forecasts real gross domestic product (GDP) growth of 3 percent in 2023, while previously it had expected a decline of 0.5 percent.
“We have already improved our forecast: we expect GDP growth of 3% this year,” the company’s founder and head Tomas Fiala said in an interview on Radio NV.
He said power outages have already stopped since mid-February, and economic results in recent months have been better than expected.
“And we hope the economy will grow, perhaps even more than 3 percent,” Fiala added.
Dragon Capital told Interfax-Ukraine that rate and inflation forecasts will also be updated soon.
Fiala noted that Ukraine’s nominal GDP in dollars fell to $160 billion in 2022 from $200 billion in 2021.
“This is the best figure in the last 10 years, more was only in 2021: GDP was $157 billion in 2020 and $160 billion in 2022,” the head of Dragon Capital said.
As reported, Ukrainian Finance Minister Sergei Marchenko late last week said he raised Ukraine’s GDP growth forecast for 2023 to 3.2%, while previously the government had estimated it at 1%, and the National Bank recently improved it from 0.3% to 2%.
