Ukraine's GDP to grow by 3.2% in 2024 - World Bank
This is said in a press release issued by the World Bank, Ukrinform reports.
According to the World Bank estimates, Ukraine's GDP growth in 2023 was at the level of 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 World Bank said.
However, the bank expects that the Ukrainian economy will grow by 3.2% this year and by 6.5% in 2025 (the highest figure 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-than-anticipated inflation could keep monetary policies tighter for longer,” the World Bank said.
As reported by Ukrinform, Ukraine received $1.34 billion as the sixth additional financing under the World Bank's Public Expenditures for Administrative Capacity Endurance (PEACE in Ukraine) project.
