{
  "id": 10457103,
  "title": "Economy Ministry may cut 2027 GDP growth forecast by 0.3-0.5 pp from pessimistic scenario",
  "url": "https://urgent.news/2026/09/28/economy-ministry-may-cut-2027-gdp-growth-forecast-by-0-3-0-5-pp-from",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T13:44:04.000Z",
  "source": {
    "name": "Interfax-Ukraine",
    "slug": "interfax-ukraine",
    "url": "https://en.interfax.com.ua/news/economic/1211101.html"
  },
  "original_language": "en",
  "account": "The Economy and Environment Minister of Ukraine, Oleksandr Kravchenko, may lower the pessimistic GDP growth forecast for 2027 by 0.3-0.5 percentage points, according to an interview with Forbes Ukraine. Kravchenko stated that the initial forecast of 2.4% growth for the year has been revised down to 1.6%. This downward revision comes after growth slowed by 0.5% during the second half of 2026.\n\nThe primary driver of the economy's growth is the agricultural sector, benefiting from a successful harvest. However, if attacks on grain elevators and infrastructure escalate, this could change the outlook. Kravchenko highlighted that each hour of downtime caused by attacks costs the economy approximately UAH 2 billion, despite the lack of precise statistics on businesses that have closed or relocated due to these attacks.\n\nKravchenko also discussed capital expenditures, noting that the Ministry of Economy and Environment had previously considered postponing financing from September to December to optimize funding for major reconstruction projects and compensate for property losses. In 2026, the GDP contracted by 0.6%, marking the first decline since 2023, and growth slowed to nearly 0% in August due to export blockages and the destruction of logistics infrastructure.\n\nEarlier budget forecasts had projected GDP growth of 1.6% in 2027 and accelerating to 4.5% and 5.3% in 2028. However, the current 2027 draft state budget is based on a more pessimistic growth scenario of 1.3%. The European Bank for Reconstruction and Development has also lowered its forecast for Ukraine's real GDP growth, predicting 1.5% in 2026 and 2.5% in 2027, down from previous estimates of 2.2% and 4%, respectively.",
  "summary": "The Ministry of Economy and Environment of Ukraine may revise downward by 0.3-0.5 percentage points the pessimistic gross domestic product (GDP) growth scenario included in the 2027 state budget, from 1.3% to 0.8-1%, Economy and Environment Minister Oleksandr Kravchenko said in an interview with Forbes Ukraine.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}