NBU has lowered its forecast of GDP growth in 2017

The national Bank of Ukraine has lowered the projected growth of the gross domestic product of Ukraine in 2017 from 1.9%, as previously planned, to 1.6%.
As reported on the website of the regulator, the forecast was revised because of the worst results of economic activity in the first half of the year, particularly in the service sector, and the revision of estimates of the grain harvest.
At the same time, the GDP growth forecast in 2018 and 2019 remained unchanged at 3.2% and 4%, respectively.
Nominal GDP, according to forecasts of the regulator, will amount to UAH 2,850 trillion in 2017 3,220 trillion UAH in 2018 and 3,585 trillion UAH in 2019.
Inflation remains the same: the controller waits for her at 9.1% at the end of this year, 6% for 2018 and 5% by the end of 2019.
The regulator noted that the determining factor for the forecast of reserves is continuing cooperation with the International monetary Fund.

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