NBU worsens forecast for Ukraine's GDP growth in 2017

NBU worsens forecast for Ukraine's GDP growth in 2017

The National Bank of Ukraine (NBU) has revised macro indicators for 2017 and 2018, in particular, worsening the forecast for the growth of the country's gross domestic product (GDP) for 2017 from 2.8% to 1.9%.

At the same time, the National Bank confirmed the forecast for inflation for the current year at 9.1% and next year at 6%.The NBU also lowered the forecast for Ukraine's international reserves as of the end of this year from $21.3 billion to $20.8 billion, and the next year from $27.1 billion to $25.9 billion.