World Bank: Ukraine's economy may grow 3.5% in 2018


The World Bank has retained its forecast of Ukraine's economic growth in 2018-2020 at 3.5-4%, as was projected in June 2017, according to the Global Economic Prospects published on the bank's website.


Ukraine's real GDP in 2018 will be at 3.5%, whereas it may reach 4% in 2019 and 2020, respectively, it said.

The World Bank projected Ukraine's economic growth at 2% for 2017.

"Geopolitical tensions in Ukraine, a tightening of international sanctions on Russia, or heightened tensions with the European Union could deter international investors and weigh on growth," it said.

Read alsoUkraine annually spends 4% of GDP for servicing public debt – expertAs UNIAN reported earlier, the growth of Ukraine's real GDP in annual terms slowed to 2.1% in Q3 2017 after a 2.3% growth in Q2 2017 and a 2.5% increase in Q1 2017.

The International Monetary Fund and the National Bank forecast a 3.2% GDP growth in Ukraine in 2018, while the Cabinet of Ministers of Ukraine expects a 3% increase.

Experts forecast the acceleration of GDP growth in Ukraine in 2018 up to 3%.