KYIV, Feb 1 – The National Bank of Ukraine (NBU) has reviewed downwards the assessment of growth of real GDP of the country in 2018 to 3.3% from 3.4%, according to a posting on the website of the central bank.
The forecast of GDP for the next two years remained unchanged: 2.5% and 2.9% respectively.
"However, real GDP growth will slow to 2.5% in 2019, as predicted. The slowdown will be driven by the tight monetary policy necessary to bring inflation down to the target level and by the conservative fiscal policy intended to finance significant public debt repayments this year," the central bank said.
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