World Bank analysts worsened their forecasts for Ukraine’s economic growth in 2019 from 2.9% to 2.7% per year.
At the same time, the World Bank has kept its forecast for the growth of Ukraine’s economy in 2020 at 3.4%. In 2021, Ukraine’s economy should grow by 3.7%, according to the World Bank.
The forecast for the growth of the economy for the whole of Eastern Europe and Central Asia deteriorated. Thus, the World Bank believes that this year the GDP of these countries will increase by 2.1% (earlier it was forecasted that growth will be 3.1%).
The main reason for the deterioration of the forecasts of economic growth in Ukraine and Eastern European countries in the World Bank is the slowdown in the growth of the world economy.