PM Honcharuk vows at least 40% economy growth in five years

The government chief says the task is realistic, albeit very ambitious. REUTERS Ukrainian Prime Minister Oleksiy Honcharuk has announced that the new government’s task is to boost economic growth in Ukraine by at least 40% within five years.

“We set a goal to have the Ukrainian economy grow by at least 40% in the next five years. This task is realistic, albeit very ambitious. We have a serious team in the economy ministry to this end,” the prime minister said at a meeting with President Zelensky on September 2.

According to Honcharuk, the implementation of this task will create one million new jobs, which is also one of the government’s priorities. As UNIAN reported, before his appointment to the post on August 29, Honcharuk stressed the main task of the new government would be the country’s economic growth.

Ukrainian President Volodymyr Zelensky expects that Ukraine’s economy will be growing at 5%-7% of GDP. The growth of Ukraine’s real gross domestic product in 2018 accelerated to 3.3%, a seven-year high, from 2.5% in 2017.

Ukraine’s 2019 national budget is based on a 3% real GDP growth. Read also PM Honcharuk names Cabinet’s short-term tasks The National Bank of Ukraine (NBU) raised its forecast for real GDP growth in 2019 to 3% from 2.5% projected before.

The International Monetary Fund and the World Bank project a 2.7% growth in Ukraine’s economy in 2019. According to the consensus forecast compiled by UNIAN based on experts’ estimates, the country’s economic growth in 2019 will slow to 2.8%.

(c)unian 2019

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