The director of the European Department of International Monetary Fund (IMF) Alfred Cammer announced the revision of forecasts for the completion of the Russian-Ukrainian War. The Foundation's foreign partners acknowledged that their expectations for the end of the conflict were false. These changes are caused by new realities that arose as a result of the duration of the war and its negative impact on the Ukrainian economy.
According to Cammer, the IMF significantly worsened the forecasts of Ukraine's economic growth for 2025. The reasons for this were the uncertainty related to the war and regular Russian firing of energy infrastructure, which influenced the overall rates of growth of the economy this year.
“This is a reflection that Russia's war in Ukraine will continue. We have suggested that it would stop earlier. But that didn't happen. And this, again, is additional costs for the Ukrainian economy, ”Kammer said at a briefing.
Despite the negative forecasts, the Director of the Department emphasized that the Ukrainian team demonstrates high professionalism and efficiency in maintaining business macro -stability. They work to prepare the basics for restoration of the economy and integration of Ukraine into the European Union.
According to the latest IMF forecasts, the economic growth of Ukraine in 2024 will be 3.0%, and in 2025 it will decrease to 2.5%. It is important to note that these figures were lower by 0.2 percentage points compared to previous estimates, which were voiced in April.
