Economy Ministry projects 3-3.5% GDP growth for next 2 years

The Ukrainian Ministry of Economic Development and Trade forecasts that the country`s GDP will grow by 1.5% this year and 3%-3.5% in 2017 and 2018, Deputy Minister Yuliya Kovaliv told Canadian TV channel CTV News.
”For this year we estimate 1.5% of GDP growth and for the next two years we are estimating 3%-3.5% of GDP growth. Our economy due to very tough reforms that the government is implementing shows the real signs of stabilization and growth,” Kovaliv said.
Kovaliv also stated that continued military operations in the east of the country do not play the main role in determining the investment attractiveness of Ukraine. She stressed that the country`s leadership strictly adheres to the reform program agreed with the country`s key creditor – the International Monetary Fund (IMF). The country has also managed to stabilize its public finance, Kovaliv noted.
As UNIAN reported earlier, last year decline of Ukraine`s GDP, compared with the previous year (at constant 2010 prices) and excluding the occupied Crimea and part of the Anti-Terrorist Operation zone,  accelerated to 9.9% from 6.8% a year earlier. Nominal GDP for the year at current prices amounted to UAH 1.979 trillion, and UAH 46,201 per capita.
The IMF forecasts GDP growth in Ukraine in 2016 at 1.5% and inflation at 15.1%. The World Bank projects GDP growth at 1% with an inflation rate of 15%.
According to an expert consensus forecast compiled by UNIAN, Ukraine`s gross domestic product by the end of 2016 could reach 1%.

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