• 22/07/2024 19:27

What will happen to the Ukrainian economy in 2024: World Bank forecast

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This information is stated on the World Bank website, URA-Inform reports.  

The World Bank predicts Ukrainian economic growth in 2024 at 3.2%. Last October, the bank expected gross domestic product (GDP) to grow 4.0%. According to analysts, war may have the greatest impact on changing the situation.

«Prospects for Ukraine remain highly uncertain. Growth is projected to be 3.2% in 2024 and 6.5% in 2025», — the report says.

World Bank analysts believe that «active military operations will continue through 2024». Therefore, they neutralize base effects and one-time factors, including crop yields.

«Partial resolution of the 2025 uncertainty will contribute to a recovery in exports and a gradual increase in investment into reconstruction», — experts noted.

Recall that it was previously reported what the budget deficit of Ukraine is: Goncharenko made an important admission.

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