logo_headerThursday, July 7, 2022

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

November 20, 2021 1:00 amby Daryna Antoniuk
(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.

Join our community

Support Ukraine's independent
journalism in its darkest hour

Support Us