The Ministry of Economic Development and Trade and the Ministry of Finance of Ukraine expect the country’s GDP will grow by 3.6% in 2019. The corresponding forecast is contained in the draft titled “Main Guidelines of Budget Policy” submitted by the Cabinet of Ministers on Wednesday. The growth of the consumer price index (inflation) by the end of 2019 is expected at 6.5%, the average annual forex rate of the hryvnia against the U.S. dollar is projected at UAH 30.5.
Earlier it was reported that the National Bank of Ukraine predicts the acceleration of GDP growth in 2018 to 3.4% from 2.5% in 2017 and a slowdown in 2019-2020 to 2.9%.
Regarding the consumer price index, the NBU expects inflation to slow to 8.9% by the end of 2018 from 13.7% in 2017, while a forecast for 2019 is set at 5.8%, in 2020 at to 5%.
