World Bank: Ukraine’s economy to grow by 1 percent this year

Source : 112 Ukraine

Tendency will remain for next two years, experts say
12:26, 8 June 2016

Analysts of the World Bank forecast that in 2017, the country’s economy will keep growing slowly, by one percent annually. That is, in 2017, they expect 2-percent growth, and in 2018 – 3-percent, reads the June report by the World Bank.   

Experts said that in 2016, Ukraine’s economy already hit the rock bottom and returned to positive dynamics, as in Q1 its GDP grew by 0.1 percent. Specifically, the World Bank analysts marked visible growth in Ukraine’s Western regions, which have not been directly involved in Donbas conflict. However, export and import volumes have been twice lower than that of 2012 and remain weak, experts say.

According to the World Bank, the GDP growth in the Euro zone will make 1.6 percent during the next year and a half.  

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