REUTERS
However, the official did not announce a forecast for GDP growth in 2019.
Ukrainian First Deputy Prime Minister and Minister of Economic Development and Trade Stepan Kubiv says the further growth of Ukraine's real GDP in the medium term, while maintaining the policy of reforms, will reach 3.8% in 2020 and 4.1% in 2021.
"Now we confidently predict that real GDP may grow in the medium term by 3.8% in 2020 and by 4.1% in 2021. But this is impossible without maintaining the current policy of reforms in Ukraine, supporting macroeconomic stability, strengthening unity in the joint actions of the president, the government and the Verkhovna Rada [Ukraine's parliament]," he said at a government meeting on Wednesday, February 20.
However, Kubiv did not announce a forecast for GDP growth in 2019.
Read alsoPace of Ukraine economy growth up to 3.4%
As UNIAN reported, the State Statistics Service estimated Ukraine's GDP growth in the fourth quarter (Q4) of 2018 at 3.4%, in Q3 at 2.8%, in Q2 2018 at 3.8%, and in Q1 2018 at 3.1%.
The service has not released its report for the entire year 2018. However, the National Bank estimates the GDP growth at 3.3%, while the Economic Development Ministry – at 3.2%.
Ukrainian President Petro Poroshenko says the country's real GDP in 2018 grew by 3.4%.
The Cabinet of Ministers of Ukraine projected Ukraine's GDP growth in 2019 at 3%, the National Bank at 2.5%, the International Monetary Fund at 2.7%, and the World Bank at 2.9%.
According to the consensus forecast compiled by UNIAN on the basis of experts' estimates, Ukraine's economic growth will slow to 2.8% in 2019.