The IMF has again downgraded its GDP forecast for Ukraine | News robot

This is a machine translation of an article by Online portal Korrespondent.net. The translation has not been checked or edited and the spelling of names and geographical names does not correspond to the spelling otherwise used in Ukraine News conventions used.

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Ukraine's economic growth will slow due to the consequences of Russian attacks on energy infrastructure, the impact of the war on the labor market and the level of expectations for business activity.

Ukraine's economic growth will be 3% by the end of 2024, while inflation will accelerate to 9%. This forecast was made by the International Monetary Fund (IMF), according to the press release of the National Bank of Ukraine published on Wednesday, September 11.

“According to the Fund’s forecast, Ukraine’s economic growth will slow down in the second half of 2024 due to the impact of Russian attacks on energy infrastructure, the impact of the war on the labor market and the level of expectations for economic activity.” The forecast for real GDP-Growth at the end of 2024 – at the level of 3% and inflation – up to 9%,” the report says.

The National Bank notes that solving the problem of electricity shortages on the eve of winter is crucial and requires coordinated efforts, including with the participation of international partners.

“The fund forecasts economic growth of 2.5-3.5 percent for 2025.” “At the same time, the risks of the forecast are extremely high,” the publication states.