Concorde Capital gives its forecast regarding Ukraine’s key economic indicators.

GDP growth in 2023 will be 5-6%. Currently, it is primarily supported by consumer demand.In 2024, this demand will decrease, and the projected GDP growth will be 2-3%, according to Ihor Mazepa, the founder of the investment company Concorde Capital.

“We could say that next year’s GDP will grow by 6% or even 10% if there were capital investments in new production facilities and other businesses. With such investments, labor efficiency increases. Unfortunately, this is not the case. Other drivers, in particular the active operation of seaports, are not foreseen,” the expert explained.

As for inflation, Concorde Capital believes that price growth will be up to 10% next year, and such growth is not critical and corresponds to the trends in Europe. The average currency rate in 2024 will be ₴37.5-38 for $1, but by the end of the year, it may rise to ₴39-40.