Moody’s predicts slow rise in Ukraine's GDP

Source : 112 Ukraine

Agency draws up a 2-year forecast for Ukraine's economy
14:29, 13 May 2016

In 2016-2017 Ukraine’s economy will continue to recover after a considerable downturn, according to Moody’s economic forecast, reports UNIAN.

Experts stress the importance of structural reforms and strict measures to counter corruption.

“We expect economic recovery and its immediate growth in 2016 and 2017 after a considerable downturn of 15%”, - the agency reports.

Experts conclude, that budget deficit will remain at 3,7%, which is preconditioned by the reform program, approved by the International Monetary Fund.

Earlier, Moody’s forecasted, that Ukraine is likely to receive another IMF tranche by the end of June.

Related: Moody’s: Ukraine likely to receive IMF's USD 1.7 billion tranche before mid-year

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