The International Monetary Fund predicts that Ukraineʼs GDP will grow by 1% in 2023. At the same time, inflation will be about 25%.
This is stated in the IMF report.
"The war continues to have a devasting social and economic impact on Ukraine, involving substantial civilian deaths, the relocation of more than a third of the population through migration or internal displacement, and colossal damage to infrastructure and productive capacity," IMF mission chief Gavin Gray said.
The fund expects that under such conditions, the economy of Ukraine will fall by 33% this year, and stabilize next year. The baseline scenario assumes a 1% recovery.
The IMF emphasizes that Ukraine will need significant international financial assistance for economic stability.
- According to the results of the first three quarters of the current year, the fall in the gross domestic product of Ukraine amounted to approximately 30%. At the same time, the Ministry of Economy pays attention to the positive factors of economic growth. Among them is the improvement of the dynamics of transport thanks to the growth of the export of agricultural products by sea transport and the increase of cargo transportation by railway.
- The World Bank improved Ukraineʼs GDP growth forecast for next year from 2.1 to 3.3%.