World Bank predicts inflation in Ukraine to slow to 7%

The World Bank (WB) expects a slowdown in inflation in Ukraine to 7% in 2019, compared to 9.8% in 2018.

Such data are contained in the World Bank’s updated economic review, UNIAN informs.

Thus, the Bank predicts a further reduction in inflation to 6% in 2020 and 5% in 2021.

The World Bank also forecasts a national budget deficit in Ukraine at 2.3% of GDP in 2019 against 2% in 2018, as well as that at 2.3% of GDP in 2020 with its further decline to 2.2% in 2021.

“The slowdown in economic growth in 2019 was expected,” said Anastasia Holovach, the economist of the Representative Office of the World Bank in Ukraine.

Also, the amount of state and government-guaranteed debt may shrink from 62.3% of GDP in 2018 to 57.3% in 2019. The debt is expected to decrease to 54.9% and 52.5% of GDP in the next two years, respectively.

As The Journalist reported, inflation rate up in Ukraine: vegetables, transportation, gas and sewerage services rose in price.