The NBU assessed the impact of the tariff war on Ukraine's economy.
The National Bank reported that the escalation of trade confrontations in the world is currently not affecting the Ukrainian economy, but in the future will lead to its slowdown.
'Tariff wars are likely to lead to a decrease in demand for certain goods of Ukrainian exports, but agricultural products will still be popular even in a cooling global economy,' the regulator reported.
Considering these factors, the NBU will not change its growth forecasts for the economy. It is expected that by 2025, Ukraine's economy will increase by 3.1%. This will contribute to an increase in harvests and a reduction in energy deficits, as well as significant defense orders that will support the industry.
'In 2026-2027, real GDP will grow faster – by 3.7-3.9%, primarily due to increased reconstruction investments, the revival of production, and stability in consumer demand. Private investments and consumption will offset the effects of fiscal consolidation that will occur with a decrease in the volumes of international financial aid,' the NBU explained.
Read also
- Ukrainians will begin mass checks from July 1: who will be affected and what threatens
- Car Repainting: Drivers Explained When Registration is Required
- Ukrainians will be able to sign a contract with the Armed Forces of Ukraine in 'Reserve+': when the function will be active
- Hackers are attacking the smartphones of Ukrainians: which apps and programs need to be urgently removed
- Ukraine will abandon 50 kopecks: what will replace the coin
- The heatwave up to +37 will change to icy downpours: the forecaster named the most dangerous days of the week
