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The World Bank forecasts a 3.2% growth in Ukraine's GDP this year

10 Jan, 2024
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The World Bank forecasts a 3.2% growth in Ukraine's GDP this year

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The World Bank expects the Ukrainian economy to grow by 3.2% this year and by 6.5% in 2025, according to a press release from the bank.

According to the World Bank's assessment, Ukraine's GDP growth in 2023 reached 4.8%.

"In Eastern Europe, growth returned to positive territory, with Ukraine experiencing a growth rate of 4.8 percent. Despite this positive trend, Ukraine's output in 2023 remained 30 percent below its pre-invasion level," the WB stated.

However, the bank anticipates that the Ukrainian economy will grow by 3.2% this year and by 6.5% in 2025 (the highest indicator for the "Europe and Central Asia" region).

"Geopolitical risks in the region, including an escalation of the Russian Federation’s invasion of Ukraine, are elevated and could materialize, worsening already heavy human and economic losses. Higher-thananticipated inflation could keep monetary policies tighter for longer," noted the bank.

The Odessa Journal

The Odessa Journal

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