KYIV, Sept 24 – Ukraine's GDP in 2018 is expected to grow by 3.1% amid 9.5% inflation (December over December) and the growth is expected to slightly slow in 2019 to 3.0% amid 7.4% inflation, according to an updated consensus forecast released by Ukraine's Ministry of Economic Development and Trade on Monday.

The growth of the Ukrainian economy is expected to accelerate to 3.1% and 3.9% in 2020-2021, respectively, it said.

In their earlier forecast in April 2018, experts projected an increase in Ukraine's GDP by 3.2% amid 9.7% inflation in 2018 and by 3.1% amid 8% inflation in 2019. According to the April forecast, the economic growth was projected at 3.3% in 2020 and at 4% in 2021.