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J.P. Morgan downgrades Ukraine’s 2021 GDP growth forecast from 4.5% to 2.3%

November 20, 2021 1:00 amby Daryna Antoniuk
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(Oleg Petrasiuk)

The New York-based investment bank sharply revised Ukraine’s 2021 real GDP growth to 2.3% down from an original forecast of 4.5% after Ukraine’s economy failed to meet macroeconomic benchmarks, Interfax-Ukraine reports. The bank maintained its forecast for GDP growth of 5% in 2022.

J.P. Morgan expects overall inflation in Ukraine to be at 9.4% in 2021 and 8.3% in 2022.

Daryna Antoniuk
Author: Daryna Antoniuk

Daryna Antoniuk studies journalism and communications at Taras Shevchenko National University in Kyiv. Antoniuk worked as a news editor, social media manager, and freelance journalist before she joined the Kyiv Post staff in February 2020. She is passionate about information technologies and artificial intelligence.

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