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