The Bank forecasts the Ukraine’s GDP growth by 1% this year and by 2% next year.
The World Bank estimated the Ukraine’s GDP decline in 2015 at 10% and maintained the Ukraine’s GDP forecast in 2016 at 1%.
This was said by World Bank Country Director for Ukraine, Belarus and Moldova Qimiao Fan during the presentation of the new economic review and macroeconomic forecast for Ukraine, UNIAN reports.
“Now we see first signs of stabilization, at the end of the last year we had the beginning of such signs. And now we forecast that GDP can increase by 1% in 2016 and by 2% - in 2017”, - Fan said.
He noted that Ukraine’s economy and GDP contracted by 10% in 2015 due to unprecedented shocks, influence of situation in the east of Ukraine, price decrease on raw materials on global markets, fiscal deficit and inflation.
As Correspondent.net reported, the Ukraine’s Ministry of Finance forecasts GDP at 3% with inflation at 8.1% for 2017.
