Automatically translated version. May contain inaccuracies compared to the original.
Russian attacks are increasing the risks to Ukraine's economy.
The European Bank for Reconstruction and Development (EBRD) notes a growing risk of further deterioration in its GDP forecast for Ukraine. The chances of an improvement in the economic situation have now decreased. The economy is slowing amid intensified Russian attacks on energy, ports, logistics, and manufacturing infrastructure. This was stated by EBRD President Odile Renaud-Basso, reports Interfax-Ukraine.
She added that the National Bank is considering several scenarios for economic development. At the same time, EBRD experts believe that, for now, risks of further deterioration in economic indicators predominate.
Recall that earlier the EBRD lowered its GDP growth forecast for the 2026 year to 1,5%, and for the 2027 year to 2,5%. The reductions compared with the June forecast are -0,7% and -1,5%, respectively.
Minister of Economy and Environment Oleksandr Kravchenko allows for a downward revision of the forecast for the 2027 year by 0,3–0,5 percentage points — to 0,8–1% versus the pessimistic scenario’s assumed 1,3%. For the 2026 year the ministry allows GDP growth at 0,5% versus the current forecast of 1,6%.
The National Bank also revised its estimate of real GDP growth for Ukraine in 2026 to 1,1–1,2% from the 1,8% forecasted at the end of July.
By year’s end GDP growth could turn out to be negative. This was stated in the Verkhovna Rada by the chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, Danylo Hetmantsev, who urged deputies to pass the laws necessary to fill the budget.
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