The world Bank (WB) has kept growth forecast of the Ukrainian economy in 2017 by 2%. About it reports the UNIAN.
“We expect growth of 2% for 2017,” – said world Bank Director for Ukraine, Belarus and Moldova satu Kähkönen, during the presentation of the new macroeconomic forecast for Ukraine.
At the same time, she noted that 2% growth is not enough for Ukraine to improve the living standards of citizens to the pre-crisis level.
By the end of 2017, the Ministry expects continued growth in GDP of 1.8% and 2%.
The national Bank of Ukraine has lowered its forecast for Ukraine’s GDP for this year from 1.9% to 1.6%.
The Cabinet of Ministers has downgraded the forecast of GDP and inflation for 2017 to 1.8% and 11.2%, respectively.
The IMF also lowered its economic growth forecast for Ukraine for this year to 2% from 2.9%. For 2018, the forecast, on the contrary, improved from 3% to 3.1%.
In 2016 Ukraine’s GDP grew by 2.3%. By the end of 2015 fell by 9.8% in 2014 to 6.6%.