: :inin Kyiv (EET)

EBRD maintains its outlook for Ukraine economy this year


The European Bank for Reconstruction and Development (EBRD) has maintained its forecast of 2% GDP growth for the Ukrainian economy this year, the EBRD said in its report on Regional Economic Prospects in EBRD Countries of Operations.
Ukraine`s economy is projected to reach 2% in 2017 as structural reforms are gradually implemented.
The EBRD notes that Ukraine`s economy is expected to return to growth in 2016 and 2017 after it contracted by 9.9% in 2015 and 6.6% in 2014.
At the same time, the EBRD emphasizes that these projections are subject to major risks related to geopolitical tensions in and around the region and a general weakening of investor confidence with respect to emerging markets.
As UNIAN reported earlier, the total fall of Ukraine`s GDP in 2015 compared with the previous year (at constant 2010 prices), excluding the occupied Crimea and part of the Anti-Terrorist Operation zone, accelerated from 6.8% to 9.9%, with nominal GDP at current prices amounting to UAH 1.979 trillion, and UAH 46.201 ($1,824) per capita.
Ukraine`s key creditor, the International Monetary Fund, forecasts GDP growth in Ukraine in 2016 at 1.5% and inflation at 15.1%. The World Bank projects that the Ukrainian economy will grow 1% and inflation will stay at 15%.
According to the expert consensus forecast compiled by UNIAN, Ukraine`s economy will grow by 1% this year amid a 3% increase in industrial production and 19% inflation.
The data on Ukraine`s GDP dynamics in Q1 of 2016 have not released yet, but experts estimate real GDP growth has amounted to about 1% year-to-year. The estimates are based on the industrial production figures in March, showing an increase in industrial production for the second consecutive month in Ukraine, however, the growth in March slowed to 4.8% from 7.6% in the previous month.

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