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Economy 2018-10-15T05:07:56+03:00
Ukrainian news
NBU Worsens GDP Growth Outlook For 2017 From 2.8% To 1.9% Due To Donbas Blockade

NBU Worsens GDP Growth Outlook For 2017 From 2.8% To 1.9% Due To Donbas Blockade

The National Bank of Ukraine has worsened its outlook on the gross domestic product growth for 2017 from 2.8% to 1.9% in view of temporary ban on cargo transportation across the contact line in Donbas.

The NBU has said this in a statement, the Ukrainian News Agency reports.

On March 20, the monetary committee of the National Bank of Ukraine revised the GDP growth outlook earlier expected at 2.8%.

The NBU expects that the this year Ukrainian economy will suffer the consequences of the trade blockade the most.

The net beneficial effect on the economic growth from favorable situation in the external markets will make about 0.4 percentage points.

As a result, the GDP growth outlook for 2017 was worsened from 2.8% to 1.9%.

At that, the central bank worsened the GDP growth outlook for 2018 from 3% to 3.2%.

As Ukrainian News Agency earlier reported, the executive board of the International Monetary Fund postponed consideration of the issue of disbursement of a loan tranche of USD 1 billion to Ukraine, which was planned for March 20.

Больше новостей о: Donbas NBU GDP transportation cargo outlook blockade

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