Ukraine’s economy will bounce back next year, recovering the losses of 2020, according to the government’s official 2021 macroeconomic economic forecast.

Ukraine’s economy will bounce back next year, recovering the losses of 2020, according to the government’s official 2021 macroeconomic economic forecast. The economy will drop by 4.8% this year. Then, it will grow by 4.6% next year. Alluding to forecasts of a steeper drop this year, Prime Ministry Shmygal said: “Despite various pessimistic forecasts, our baseline scenario remains: GDP will fall by 4.8% in 2020, and from 2021 onwards gross domestic product will grow by 4.6%.”