The World Bank predicts the growth of the Ukrainian economy by 3.5%

How much will Ukraine’s GDP grow in 2023?
 
The World Bank significantly improved the Ukrainian GDP growth forecast this year. If in June we were predicted to grow by 1.5%, then the latest forecast speaks of 3.5%.
 

The Bank also improved the forecast for Ukraine for 2024 to 4.0% (previously it was 3.5%). As for 2025, the forecast remained the same as before – 6.5%.
 

Among the factors that will contribute to GDP growth by the end of 2024, the World Bank names: a more stable electricity supply, increased government spending, large foreign aid, increased consumer and business confidence, and a higher than previously expected harvest.
 

We will remind that in 2022, as a result of the full-scale invasion of Russia, the GDP of Ukraine fell by 30%. According to KSE estimates, the total amount of direct documented damage to our infrastructure has already reached $151 billion (at replacement cost).