IMF Expects Ukraine's Public Debt To Exceed 100% Of GDP In 2025

2024-10-23 08:06:32

(MENAFN- UkrinForm) In 2025, Ukraine's public debt is expected to exceed 100% of gross domestic product (GDP).

The relevant data were published by the International Monetary Fund (IMF), an Ukrinform correspondent reports.

As estimated by the IMF, Ukraine's public and publicly-guaranteed debt is likely to reach 95.6% of GDP at the end of 2024.

Starting from 2025, this indicator will be exceeding 100% of GDP. In particular, it is expected to be 106.6% of GDP in 2025, 107.6% of GDP in 2026, and 102.6% of GDP in 2027.

“Although the economy [of Ukraine – Ed.] has shown resilience, headwinds are rising from an expected winter energy deficit caused by large-scale damage to electrical generation capacity, labor market frictions, and a continuing war,” the report states.

According to the IMF, risks are exceptionally high arising from the longer war, vulnerability of the energy sector, and durability of international support.

A reminder that, according to the IMF's World Economic Outlook for October 2024, Ukraine's economy is expected to show a rise of 3.0% in 2024 and decline to 2.5% in 2025.

MENAFN23102024000193011044ID1108813571

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.