Ukraine's National Bank raises 2024 GDP growth forecast to 3.7% and projects inflation at 8.5% in 2024.

Ukraine's National Bank raised its GDP growth forecast for 2024 from 3% to 3.7%, citing better-than-expected economic performance and anticipated fiscal stimulus expansion. Inflation is projected to rise from 5.1% in 2023 to 8.5% in 2024, with a peak of 9.7% in the first quarter of 2025 before declining. The central bank maintained the key policy rate at 13% due to the risk of further acceleration of inflation.

July 25, 2024
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