The NBU updated its forecast for key indicators in the Ukrainian economy.

The NBU predicts the growth of Ukraine’s GDP in 2024 at 3.7% (April’s forecast was 3%). Economic growth in the year’s first half continued, although it has slowed down in recent months due to Russia’s large-scale attacks on the energy sector. However, Ukrainian businesses have adapted to the frequent power outages in part.

The NBU also worsened its forecast for the growth of consumer prices in 2024 to 8.5% (in April – 8.2%). Inflation will be 6.6% in 2025 and 5% in 2026. After a long decline, inflation resumed growth in May and accelerated to 4.8% year-on-year in June.

It is reported that the increase in the dollar-hryvnia exchange rate in recent months is due to the higher demand for foreign currency and a decrease in foreign currency exchange. However, the dollar fell for the fourth day after hitting a high. The official exchange rate for July 26 is set at ₴41.1977 per $1.