Overview

• Ukraine’s 2025 GDP forecast remains at 2%, and the Bank projects a rebound to 5% in 2027.
• The report links the weaker outlook to the ongoing invasion, subdued investment and business activity, and constraints on production.
• Gas imports climbed to their highest level in nearly two years as infrastructure damage curtailed domestic output.
• The value of exports fell by nearly 5% in the first half of 2025 as shipments to the European Union contracted after rule changes and poor weather.
• The Bank notes emerging strengths in information technology, agriculture and agro-processing, and defense that could support job growth over the medium term.