The World Bank forecasts that this year the Ukrainian economy will grow by 3.2%, and by 6.5% in 2025.
This is mentionedin the World Bank press release.
“In Eastern Europe, GDP growth rates have returned to a positive trend, and in Ukraine, the growth rate was 4.8%. Despite this positive trend, production in Ukraine in 2023 remained 30% below the level before the Russian invasion”, the document says.
However, World Bank experts expect that the Ukrainian economy will grow by 3.2% this year and by 6.5% in 2025 (the highest indicator for the “Europe and Central Asia” region).
“Geopolitical risks in the region, including the escalation of the Russian Federation’s invasion of Ukraine, are elevated and may materialize, exacerbating already significant human and economic losses. Higher-than-expected inflation may keep the severity of monetary policy longer”, the World Bank notes.
It is worth noting that in December, Ukraine received $1.34 billion from the World Bank and partners to support social spending.
The funds will be directed to partially compensate for the expenses of the Ukrainian state budget not related to security and defense, including pension payments and payments to employees of the State Emergency Service (SES).
This is the sixth additional funding for the World Bank project “Supporting State Expenditure to Ensure Sustainable Public Governance in Ukraine” (PEACE in Ukraine).
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