The European Bank for Reconstruction and Development expects Ukraine’s economy to grow in the next year. Specifically, the GDP is expected to grow by 2 percent. This and more information can be found at the EBRD website in the respective report.
‘Ukraine returned to growth in the first half of 2016, after the economy shrank by a total of 16 per cent in the previous two years. Non-performing loans (NPLs) remain an acute problem in Ukraine,’ reads the report.
According to Serhiy Guriyev, the chief economist for the EBRD, the economic growth in Ukraine already began and it is likely to continue next year. ‘A lot is yet to be done; but many things were achieved by now, too. A huge deal of work has been done in terms of cleaning the banking sector; almost half of the banks were shut down. Thanks to that, the government managed to cut down the budget deficit,’ he said.