According to the forecast of the European Bank for Reconstruction and Development (EBRD), the real gross domestic product (GDP) will decrease by 5,5% this year. In 2021, this indicator is expected to grow by 3%. This is stated in the bank's report, which was published today, October 1.
In May, the EBRD predicted a decline in Ukraine's real GDP this year by 4,5% and recovery by 5% next year. The bank noted that the Covid-19 pandemic has exacerbated the structural weaknesses of the Ukrainian economy, led to a recession and a sharp reduction in investments in most sectors of the country.
— Despite difficult conditions, a reliable monetary and credit policy preserved macroeconomic stability, and the new IMF program, agreed in the midst of the pandemic, further stabilized expectations and attracted significant financing from the official sector and private investors, — the bank's representatives said.
