Page 31 - UKRRptApr24

3.0 Macro Economy
3.1 Macroeconomic overview
Ukraine's GDP grows by 5.3% in 2023 – statistics Ukraine's real gross domestic product (GDP) in 2023 grew by 5.3% compared to the previous year, when it fell by 28.8%, the State Statistics Service reported on Thursday.
The International Monetary Fund has updated its macro forecast for Ukraine. According to the IMF, the expectation for nominal GDP in 2024 has increased to ₴7.75T from the ₴7.64T predicted in December last year’ However, 2025’s forecast remains almost unchanged at ₴8.86T. At the same time, this year the economy's growth rate will decrease by 3-4% compared to 5% last year. The IMF improved its inflation forecast for this year to 8.5% from 9.5% and real wage growth to 9.8% from 8.5%. However, the unemployment estimate worsened to 14.5% from 13.9%. As for the budget, the IMF slightly
31 UKRAINE Country Report April 2024 www.intellinews.com