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World Bank forecasts Ukraine's GDP to grow by 3.2% this year
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class="newsPublisher"><span>Ukrinform</span></div> </div> </header> </div> <div class="newsText"> <div class="newsHeading">The World Bank (WB) expects the Ukrainian economy will grow by 3.2% this year and by 6.5% in 2025.</div> <div> <p>This is said in a <a href="https://thedocs.worldbank.org/en/doc/661f109500bf58fa36a4a46eeace6786-0050012024/related/GEP-Jan-2024-Regional-Highlights-ECA.pdf" rel="nofollow" target="_blank">press release</a> issued by the bank, Ukrinform reports.</p> <p>According to the World Bank, Ukraine's GDP growth in 2023 reached 4.8%.</p> <p>“In Eastern Europe, growth returned to positive territory, with Ukraine experiencing a growth rate of 4.8 percent. Despite this positive trend, Ukraine's output in 2023 remained 30 percent below its pre-invasion level,” the document reads.</p> <p>However, the bank expects the Ukrainian economy will grow by 3.2% this year and by 6.5% in 2025 (the highest figure for the Europe and Central Asia region).</p> <section class="read"><b>Read also: </b><a href="/rubric-economy/3913768-ukraines-international-reserves-reach-389b-as-of-oct-1.html" target="_blank">Ukraine's international reserves decrease by 8% in September - <b>NBU</b></a></section> <p>“Geopolitical risks in the region, including an escalation of the Russian Federation’s invasion of Ukraine, are elevated and could materialize, worsening already heavy human and economic losses. Higher-than-anticipated inflation could keep monetary policies tighter for longer,” the document reads.</p> <p>As Ukrinform reported, Ukraine received $1.34 billion as the sixth additional financing under the World Bank's Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE) project.</p> <div class="afterNewItemMobileBanner mobileBanner" style="display:none;"> <div data-name="after_news_item_mobile"> </div> </div> </div> </div> <aside class="share"> <ul> <li><a target="_blank" href="https://www.facebook.com/sharer/sharer.php?u=https://www.ukrinform.net//rubric-economy/3917217-world-bank-forecasts-ukraines-gdp-to-grow-by-32-this-year.html&src=sdkpreparse"><i class="fa demo-icon icon-facebook-1 faa-tada animated-hover faa-fast"></i><span class="fb-count"></span></a></li> <li><a href="http://twitter.com/share?url=https://www.ukrinform.net/rubric-economy/3917217-world-bank-forecasts-ukraines-gdp-to-grow-by-32-this-year.html&text=World Bank forecasts Ukraine's GDP to grow by 3.2% this year" target="_blank"><i class="fa demo-icon icon-twitter faa-tada animated-hover faa-fast"></i></a></li> <li><a href="https://telegram.me/share/url?url=https://www.ukrinform.net//rubric-economy/3917217-world-bank-forecasts-ukraines-gdp-to-grow-by-32-this-year.html&text=World Bank forecasts Ukraine's GDP to grow by 3.2% this year" target="_blank"><i class="fa demo-icon icon-telegram faa-tada animated-hover faa-fast"></i></a></li> </ul> </aside> <img src="/counter/news/3917217?rnd=637123283" class="pixel"/> <div data-name="int_hidden"> <iframe src="https://ukrinformsubscription.substack.com/embed" width="480" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> </div> </article> </div> <side class="publishing" id="socialBlockSlideStop_extra" data-nextlink="/rubric-crime/3917080-fsb-agent-sent-from-russia-to-adjust-strikes-detained-in-kharkiv.html" data-nextheader="FSB agent sent from Russia to adjust strikes detained in Kharkiv"> <div> <h2>Top news</h2> <div class="photoreports"> <div> <a href="/rubric-economy/3931927-zelensky-could-sign-off-budget-law-on-tax-increase-in-coming-days.html"> <span class="photoreportsImage"> <img src="https://static.ukrinform.com/photos/2024_09/thumb_files/300_200_1725360014-206.png" alt="Zelensky could sign off budget, law on tax increase in coming days" title="Zelensky could sign off budget, law on tax increase in coming days"></span> <span>Zelensky could sign off budget, law on tax increase in coming days</span> </a> </div> <div> <a href="/rubric-economy/3931783-ukraine-receives-48b-from-world-bank-shmyhal.html"> <span class="photoreportsImage"> <img src="https://static.ukrinform.com/photos/2024_09/thumb_files/300_200_1725360014-206.png" alt="Ukraine receives $4.8B from World Bank - Shmyhal" title="Ukraine receives $4.8B from World Bank - Shmyhal"></span> <span>Ukraine receives $4.8B from World Bank - Shmyhal</span> </a> </div> <div> <a href="/rubric-economy/3931635-ukraine-to-participate-in-world-expo-2025-in-japan.html"> <span class="photoreportsImage"> <img src="https://static.ukrinform.com/photos/2024_11/thumb_files/300_200_1732634267-702.png" alt="Ukraine to participate in World Expo 2025 in Japan" title="Ukraine to participate in World Expo 2025 in Japan"></span> <span>Ukraine to participate in World Expo 2025 in Japan</span> </a> </div> <div> <a href="/rubric-economy/3931586-ambassador-markarova-states-goal-to-have-russias-entire-banking-system-sanctioned.html"> <span class="photoreportsImage"> <img src="https://static.ukrinform.com/photos/2021_05/thumb_files/300_200_1620955279-427.jpg" alt="Ambassador Markarova states goal to have Russia’s entire banking system sanctioned" title="Ambassador Markarova states goal to have Russia’s entire banking system sanctioned"></span> <span>Ambassador Markarova states goal to have Russia’s entire banking system sanctioned</span> </a> </div> </div> </div> </side> <div id="socialBlockSlideStop_0"></div> </div> <div class="more"> <a href="/block-lastnews">More news</a> <div></div> </div> <aside class="actual" id="actualBlock"> <div> <h2>Top news</h2> <div class="analiticBody"> </div> </div> </aside> </div> <footer id="footer"> <div class="footerMenu"> <div> <p>Topics</p> <ul> <!-- js loads content here --> </ul> </div> <div> <p>Agency</p> <ul> <li><a href="/info/about_agency.html"> Information on Agency </a></li> <li><a href="/info/contacts.html"> Our Contacts </a></li> <li><a href="/info/subscribe_conditions.html"> Subscribtion Terms </a></li> <li><a href="/info/services.html"> Our Services </a></li> <li><a href="/info/policy.html"> Privacy policy and personal data protection </a></li> </ul> </div> </div> <ul class="footerCarte"> </ul> <p>While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. 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