IMF expects Ukraine's economy to grow by 2-3% in 2025
Kyiv • UNN
The International Monetary Fund forecasts Ukraine's gross domestic product to grow by 2-3% in 2025. This is due to a smaller electricity deficit, despite declining gas production and weaker agricultural exports.
The International Monetary Fund forecasts Ukraine's GDP growth at 2-3% in 2025, the IMF announced on its website on June 30, writes UNN.
The 2025 growth forecast is maintained at 2-3 percent
It is stated that "a smaller electricity deficit is offset by lower gas production and weaker agricultural exports."
As noted, "the pressure caused by the war with Russia will require an additional budget for 2025, and the medium-term fiscal course has been revised to better reflect the authorities' political intentions regarding revenue mobilization and expenditure prioritization."
The National Bank of Ukraine, as noted by the IMF, pursued a tight monetary policy in response to still high inflation, "while inflationary expectations remain stable." Foreign exchange reserves, it is stated, "remain sufficient due to continued significant external support." "Overall, the outlook remains subject to exceptionally high uncertainty," the statement reads.