UkrInform

Ukraine and world news. Ukrinform brings the latest news, daily news, political news, business news, social news, cultural news, sports news, international news

https://www.ukrinform.net/

IMF downgrades forecast for Ukraine's GDP growth by 0.

The International Monetary Fund (IMF) has downgraded Ukraine's real GDP growth forecast by 0.3% in 2021 compared to its previous forecast released in October, according to a report published by the Fund following the review under the Stand-By Arrangement for Ukraine, Ukrinform reports.

In particular, according to the table of selected economic and social indicators in Ukraine in the period between 2019 to 2026, Ukraine’s real GDP growth in the current year is projected at 3.2%. In the IMF World Economic Outlook Review for October, this figure was 3.5%. At the same time, the forecast for 2022 in the new forecast remained unchanged - at 3.6%.

As the Fund told an Ukrinform correspondent, a slight deterioration in the forecast is due to weak growth rates in the first half of this year. At the same time, the IMF stressed that the Ukrainian economy is "at the stage of recovery, but not very strong." However, the Fund noted that it is "very important for Ukraine to define and implement the right policy", as well as "focus on highly effective measures that will support further economic recovery."

Meanwhile, the IMF has "refreshed" other indicators of economic development for Ukraine. Thus, the forecast for the unemployment rate in Ukraine is expected to decrease from 9.7 to 9.4 in 2021. The projected consumer price index this year will remain at 9.5. The current account balance is expected to level at 0.0 this year compared to -0.7 as was projected in the previous forecast.

As Ukrinform reported, on Wednesday, November 24, Ukraine received the second tranche from the International Monetary Fund under the Stand-By Arrangement in the amount of SDR 500 million (equivalent to $699 million).

iy

Related news
Astounding Humanlike Robot ‘Wakes Up’

Astounding Humanlike Robot ‘Wakes Up’

Robot engineers at Cornwall-based Engineered Arts have unveiled a remarkably humanlike android, called 'Ameca.' A short promo video released by the company shows Ameca seemingly “waking up,” looking at its hands and then toward the camera. The 40-...

Summit Camera Captures Timelapse of Snowfall Over Hawaii Peak.

Summit Camera Captures Timelapse of Snowfall Over Hawaii Peak.

A time lapse video from a surveillance camera at the top of a dormant volcano shows a wintry scene on the tropical island of Hawaii. The video was filmed on December 1 and 2 at the Mauna Kea summit around the Canada-France-Hawaii Telescope observa...

Jesse Watters: A December to remember

Jesse Watters: A December to remember

'Watters' World' host lists the many domestic issues President Biden faces #FoxNews #Watters ... "Every time something goes wrong, just blame the pandemic. I'm sure the gangs grabbing Louis Vuitton handbags think they're filled with monoclonal ant...

There's only one way to end this: Judge Jeanine

There's only one way to end this: Judge Jeanine

Jeanine Pirro takes no prisoners in a blistering opening monologue on America's crime wave on 'Justice with Judge Jeanine.' #FoxNews #JusticewithJudgeJeanine ... JEANINE PIRRO: It is time for us to be visible and vocal... And that means holding th...

Nightly News Full Broadcast - December 4th

Nightly News Full Broadcast - December 4th

Parents of Michigan school shooting suspect arraigned in court, unprecedented charges in Michigan high school shooting, and Omicron variant spreads across the U.S. » Subscribe to NBC News: » Watch more NBC video: NBC News Digital is a collection o...

1 72

DEA warns of counterfeit pills laced with fentanyl

DEA warns of counterfeit pills laced with fentanyl

Former DEA special agent in charge Derek Maltz says 'we have a chemical weapon attack that nobody's paying attention to.' #FoxNews #JudgeJeanine Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) ...