Monday, December 2
The EBRD significantly worsened the forecast for Ukraine’s economy.
Friday, February 17, 2023
The European Bank for Reconstruction and Development significantly worsened their forecast for Ukraine’s GDP growth in 2023 from the 8% forecast in September 2022 to 1%. EBRD analysts noted that if hostilities in Ukraine remain limited to the current area in 2023, which produced less than 20% of their pre-war GDP, it is likely that real production will stabilize at around 70% of 2021 levels. At the same time, Ukraine’s economy will, as before, strongly depend on wartime considerations. “Unless there are significant strategic changes on the ground, Ukraine’s GDP growth in 2024 is likely to be sluggish, but at least positive,” the bank added. The bank predicts that in 2024 the Ukrainian economy will grow by 3%.
