IMF Disclosed Forecast for Ukraine for 2023: 25% Inflation and 1% GDP Growth 

According to the forecast by the International Monetary Fund, in 2023 Ukraine’s GDP will increase by 1%, while inflation may reach around 25%. 

"The war continues to have a devasting social and economic impact on Ukraine, involving substantial civilian deaths, the relocation of more than a third of the population through migration or internal displacement, and colossal damage to infrastructure and productive capacity", Gavin Gray, the leader of the IMF mission, said. 

Economic activity is expected to stabilize in 2023, with growth at 1 percent under the baseline scenario, following a 33 percent contraction this year.

The IMF also stressed that Ukraine would need significant international financial aid to ensure economic stability.

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