Team Zelensky's «optimistic» scenario: GDP to fall 5%.

The national budget deficit is expected to increase to 7% of GDP.

REUTERS

REUTERS

The fall in gross domestic product of Ukraine in 2020 will stand at nearly 5% - that's according to an optimistic scenario for the developments with coronavirus, suggests Deputy Head of the Presidential Office, Yulia Kovaliv.

"We all expect the economy to fall," she said at a press conference delivered via video link.

"In an optimistic scenario for the developments with coronavirus, we approximately see a 5% fall in the regional economy," she said.

According to Kovaliv, it is expected that the national budget deficit will increase to 7% of GDP, while the pre-quarantine indicator was laid at 2% of GDP.

Read alsoNational Bank asks Cabinet to allow non-bank financial institutions operate amid quarantine

She added that $3.5-4 billion will be needed to fight coronavirus alone. This amount is planned to be obtained in negotiations with the International Monetary Fund on a new program of cooperation with Ukraine.

As UNIAN reported earlier, the growth of real GDP of Ukraine in 2019 slowed down to 3.2% from 3.4% in 2018, the maximum indicator for the last seven years.

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