The World Bank made a forecast for economic growth in Ukraine
news.online.ua
Thu, 24 Apr 2025 11:04:00 +0300
Ukraines economy can only start growing in 2026This is stated in the World Bank forecast for Europe and Central Asia.As the review notes, against the backdrop of ongoing hostilities, economic growth in Ukraine slowed to 2.9 in 2024 from 5.5 in 2023.Reduced external demand, labor shortages, and subsequent power outages due to the war were among the main factors in the decline in growth.The World Bank expects growth in Ukraine to slow further to 2 this year before accelerating to 5.2 in 2026, assuming hostilities end and recovery begins.According to the World Bank, growth in emerging economies in Europe and Central Asia will slow significantly to 2.5 on average in 202526 amid deep global uncertainty.
Growth was 3.7 in 2023 and 3.6 in 2024.
The National Bank of Ukraine NBU in April worsened the forecast for the growth of Ukraines real gross domestic product GDP in 2025 to 3.1.
According to the NBU forecast, in 2026 the economy will grow by 3.7 previous forecast 4.0, in 2027 GDP will increase by 3.9 previous forecast 4.2.According to the State Statistics Service, Ukraines GDP growth in 2024 slowed to 2.9 compared to 5.5 in 2023.
The GDP growth forecast included in the 2025 budget is 2.7 per year.In March, the IMF updated its baseline scenario, according to which Russias war against Ukraine will end by the end of 2025.
This scenario assumes that Ukraines economy will grow by 23 in 2025 and accelerate to 4.5 in 2026.
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