"Grain and Maritime days in Odessa-2019". Ukraine, Odessa
May 30, 2019

In 2019, the EBRD expected for slowdown in economic growth of the countries, which it works with




In 2019, the economic expansion in the countries, which the European Bank for Reconstruction and Development (EBRD) works with, will delay to 2.3%, as opposed to 3.8% in 2017, and 3.4% in 2018. The process will mainly develop, due to the decline of the figures in Turkey, decreasing of the demand on the foreign market (on behalf of Europe and China), as well as in terms of the similar trend on the global market, declared the Regional Lead Economist for Eastern Europe and Caucasus at the European Bank for Reconstruction and Development (EBRD), Dimitar Bogov during his speech at the eighteenth international conference Grain & Maritime Days in Odessa on May 30.

According to him, in Eastern Europe, Russia, as well as southern and eastern regions of the Mediterranean region, there was observed the economic growth, but due to the sharp decline in the economy in Turkey, the general figures for countries in the EBRD structure decreased.

As for Ukraine, in 2018 the country demonstrated the upward trends in the economy to 3.3%, due to rather high domestic demand. The trend developed, due to increasing of the private sector consumption by 8.9%, and active investment rates, which increased implementation of the capital investments to 14%.

At the same time, in 2019 the economic growth in Ukraine is expected to slow down to 2.5%, due to the similar situation on the adjacent markets, and the domestic political instability, while the unemployment rate will somewhat decrease, and money incomes of the population — to increase.

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