The World Bank has revised its economic growth projections for Ukraine, predicting that the country's GDP will grow by 3.5% in 2023. This estimate represents a 1.5-percentage-point increase compared to the previous projection made in June.

Furthermore, the World Bank has improved its forecast for Ukraine's GDP growth in 2024, now predicting a growth rate of 4.0%, which is an increase of 0.5 percentage points from the earlier estimate. The forecast for Ukraine's economic growth in 2025 remains steady at 6.5%.

Several factors are contributing to this improved economic outlook for Ukraine, including a stable electricity supply, increased government spending, foreign aid, higher productivity, and growing confidence among consumers and businesses.

The resumption of economic growth in Ukraine, following the Russian Federation's invasion in 2022, has been attributed in part to increased government consumption, improved electricity supply, and favorable weather conditions boosting agricultural growth.