The Ukrainian government clarified its 2024 forecast for developing the Ukrainian economy.

The Ministry of Economy updated its statistical data and revised their assumptions and forecast for Ukraine’s economic and social development in 2024.

Accordingly, by the end of 2024, nominal GDP is expected to exceed ₴7.484T (in the previous forecast, it was ₴7.643T). Real GDP growth is forecast at 3.5% (4.6% was previously expected). Consumer prices will increase by 5.4% on average for the year and by 7.9% from December to December (compared to the average annual inflation of 8.5% and 9.7% for December in the previous forecast).

The average monthly employee salary will be ₴20,581 ($500), and the nominal salary, adjusted for inflation, will increase by 12% (previously, the average salary was forecast at the level of ₴21,809, and the increase due to inflation was 8.5%). The unemployment rate for those aged 15-70 will be 18.2% against the previously forecasted 18.7%.