Saturday, December 10, 2022

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

by Daryna AntoniukNovember 20, 2021 1:00 am
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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
Daryna Antoniuk
Tech reporter

Daryna Antoniuk is a tech reporter at the Kyiv Independent. She worked in the same role at the Kyiv Post and has focused on Ukrainian startups, investment and the fintech market. Antoniuk previously was a tech reporter for Forbes Ukraine. Her work has also been published at Sifted and The Record. She graduated from Taras Shevchenko National University in Kyiv with BA in journalism and communications.

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