Ministry Of Finance Expecting GDP To Reach Over 11%, Inflation To Slide To Less Than 5% In 3 Years

The Ministry of Finance of Ukraine expects the gross domestic product to reach over 11% and the inflation to slide down to less than 5% during the forthcoming three years.

Finance Minister of Ukraine Oleksandr Danyliuk said this during the presentation of the budget resolution until 2020, Ukrainian News Agency reports.

On May 31, the Cabinet of Ministers of Ukraine approved the GDP growth outlook at 3-4% for 2018-2020.

As Ukrainian News Agency earlier reported, in late May, the Cabinet of Ministers of Ukraine worsened the GDP growth outlook from 3% to 1.8% and that for inflation from 8.1% to 11.2% for 2017.