The International Monetary Fund (IMF) has worsened the outlook for Ukraine’s economy in 2020. In particular, the GDP will drop from 7.7% to 8.2% as was predicted in April, the IMF said in a press release.
According to the Fund, the Ukrainian GDP will start growing again in 2021. In particular, it will grow by 1.1% in 2021 and by 3% in 2022. The Fund also predicts a drop in domestic demand by 8.6% in 2020 with it growing by 2.7% in 2021 and by 4.3% in 2022.
According to the IMF outlook, consumer prices in Ukraine will amount to 4.5% in 2020, 7.2% in 2021 and 5.6% in 2022. In addition, the Fund predicts that unemployment rate will be 12.6% in 2020, 12% in 2021 and 11.5% in 2022. (UNIAN/Business World Magazine)