KYIV, April 25 – The National Bank of Ukraine (NBU) has downgraded its forecast for the growth of the country's gross domestic product in 2024 to 3% from 3.6% in the January forecast, which is associated with restrained budget expenditures in conditions of uncertainty regarding the receipt of external financing in the first quarter and the blockade of the western border, as well as enemy attacks on energy infrastructure.

“The NBU forecasts a further resumption of economic activity, given recent shifts in issues of international assistance, as well as the expected revival of domestic and external demand. At the same time, the forecast for real GDP growth has worsened due to the consequences of large-scale Russian attacks on Ukraine’s energy infrastructure,” NBU Head Andriy Pyshnyy said at a briefing in Kyiv on Thursday.