The fall of Ukraine’s economy in the optimistic scenario of the spread of coronavirus is 5% of GDP in 2020.
This was announced by Deputy head of the Office of the President Yulia Kovaliv,
“In the optimistic scenario, coronavirus, we see a drop of 5% of GDP this year,” said Kovaliv in the online discussion “СOVID-19”, organized by the European business Association (EBA) on Monday.
However, she noted that due to the unstable situation it is difficult to build macroeconomic predictions. “The situation is changing every day,” – said the Deputy head of the President’s Office.
Recall that real gross domestic product in 2019, compared with 2018 the year increased by 3.2%. In 2018 this figure was 3.4 per cent (compared to 2017).
The Ministry of economic development, trade and agriculture estimates the level of GDP fall in January 2020 to 0.5%.
The Ministry of economy, headed by Tymofiy mylovanov, predicts that in 2020 the growth of the gross domestic product of Ukraine will amount to 3.7%.
The growth of gross domestic product in the October-December 2019 amounted to 1.5% compared to the same period of 2018.
In previous quarters, growth was higher in the first 2.5 per cent, the second – 4,6%, the third – 4,1%
The growth of gross domestic product (GDP) of Ukraine in 2019 slowed from 3.4% in 2018 to 3.3%.
The national Bank expects that economic growth will gradually accelerate to 3.5% in 2020 and 4% in 2021 or 2022.
The International monetary Fund has described three scenarios of possible development of Ukraine: from the most successful – with a complete reform, to an average of partial reforms, and to the pessimistic – with the rollback of reforms. Ukraine is located between the second and third scenario. the race of the falling dominoes