In 2024, the country’s financial sector will develop under positive macroeconomic factors

According to an update to macroeconomic scenarios of the National Bank of Ukraine, in 2024 there will be a favorable macro environment for the development of the country’s financial service sector.

Vasyl Furman, Deputy Chairman of the NBU Board, made this statement during a briefing at Media Center Ukraine – Ukrinform.

“For example, this year’s real GDP growth rate is 3.6%, or inflation, in spite of this figure’s failure to stay at 5%, it will slightly increase in the second half of the year, but according to the National Bank’s outlook, it will slightly exceed 8% at the end of the year, but it expected to moderate and controlled. The NBU’s international reserves will surpass USD 40 billion. This is also an important economic indicator of our financial system, for the stability of the foreign exchange market, and it’s projected to be positive. Therefore, I can say that the general conclusion under the baseline forecasts is that the financial sector will also develop in positive macro environment factors in 2024,” Vasyl Furman said.

Read more: https://mediacenter.org.ua/news