NBU has lowered its estimate of growth of Ukraine’s GDP in 2017-2018

NBU has lowered its estimate of growth of Ukraine’s GDP in 2017-2018


For Ukrainian exporters develop unfavorable conditions on the world market.

The national Bank of Ukraine has lowered the forecast of growth of gross domestic product of the country in 2017-2018.

Stated in the inflation report of the NBU, reports “Interfax-Ukraine”.

Assessment of the Central Bank, GDP growth in 2017 will be 2.5% and not 3% as mentioned earlier. In 2018 is 3.5% instead of 4%.

See also: the Ministry ascertain the growth of Ukraine’s GDP by 0.7%

The NBU noted that the revision of the forecast for the next two years is associated with the worst external conditions for Ukrainian exporters compared to the previous expectations. This is due to a record world grain production in the 2016 – 2017 marketing year, due to which their prices will remain low. Steel prices also did not show significant growth due to the high volume of its supply on world markets.

At the same time, the main engine of growth of the Ukrainian economy will be investment, according to the national Bank.

We will remind, in the Ministry of Finance of Ukraine earlier said that Ukraine’s GDP in 2017 could grow by 3%. The Ministry forecast that inflation will decrease to 8.1%, the hryvnia exchange rate will be fixed at the level of 27.2 UAH USD and the budget deficit will amount to 3% of GDP.