The National Bank of Ukraine has improved the GDP growth forecast from 3.7% to 4% in 2024.
This is stated in the message of the NBU, the Ukrainian News agency reports.
Economic growth continues, although it remains limited due to the impact of the war.
Waves of russian attacks on energy infrastructure, increased migration, and labor shortages hampered economic recovery, but real GDP continued to grow in both Q2 and Q3 of 2024.
Moreover, a smaller-than-expected deficit of electricity and slightly higher yields of early grain crops enabled the NBU to increase the forecast of real GDP growth in 2024 to 4%.
Significant budget incentives, supported by significant amounts of international financing, an increase in household incomes, as well as an increase in production in crop production and stable external demand will contribute to the further growth of the Ukrainian economy - by 4.3-4.6% in 2025-2026.
Uncertainty about the amount of international aid has decreased.
Thanks to sufficient amounts of external support, the government will be able to continue to finance significant budget expenditures, and the NBU will be able to ensure the stability of the currency market.
In October, the IMF allocated another tranche of USD 1.1 billion to Ukraine based on the results of the fifth review of the Extended Financing Program (EFF).
About USD 300 million of preferential financing came from Canada.
By the end of the year, more than USD 15 billion is expected to be received, of which USD 4.8 billion - under the SPUR program with the World Bank with the support of funding from the United States.
As the Ukrainian News agency earlier reported, in July of this year, the National Bank improved the GDP growth forecast from 3% to 3.7% in 2024.
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