wiiw Forecast Reports

UKRAINE: All set for faster growth after a year of record performance


Olga Pindyuk

in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 151-155

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Rapid macroeconomic stabilisation in 2019 allowed for a marked loosening of monetary policy. Exports showed robust growth on the back of agricultural products and services – notwithstanding hryvnia appreciation. We have revised our forecast of GDP growth upwards in the light of the positive trends. In 2020, GDP will grow by 3.6%, and in 2021-2022 growth will accelerate to 4.2% and 4.5%, respectively. A major risk to the forecast remains the inability of the government to break the oligarchs’ grip on the country.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Ukraine