IMF forecasts Ukraine's GDP growth to slow to 1-1.6% in 2026

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Due to the war, Ukraine's GDP growth rate in 2026 may slow down to 1.0–1.6 percent. Following the review of the EFF program, Kyiv will receive $690 million from the IMF.

The International Monetary Fund expects Ukraine's GDP growth rate to slow to 1.0–1.6% in 2026 due to the consequences of the war. This is stated in a release by the International Monetary Fund.

Details

As noted by the IMF, macroeconomic stability is generally maintained despite the war waged by Russia, as well as the consequences of the war in the Middle East, thanks to prudent macroeconomic policies and large-scale external support from Ukraine's partners. The National Bank of Ukraine (NBU) has maintained a sufficient level of international reserves, preserved financial stability, and kept inflation expectations low despite the shocks.

However, GDP growth is projected to slow to 1.0-1.6 percent in 2026 due to the consequences of the ongoing war in Ukraine and the impact of the war in the Middle East, while risks remain exceptionally high 

- the release states.

Reminder

Ukraine and the IMF have reached a staff-level agreement on the first review of the EFF program. Following approval by the Executive Board, Kyiv will receive 690 million dollars.

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