The Bank expected GDP growth of Ukraine at the level of 2% this year.
The European Bank for reconstruction and development has kept growth forecast of gross domestic product of Ukraine in 2017 at 2%. This reports the press service of EBRD.
According to the data, in 2018, the growth of the Ukrainian economy will shrink by 3%.
“The Ukrainian economy stabilized in 2016 and was on a path of moderate recovery. Last year, GDP grew by 2.3% overall, led by increased domestic demand from a low base in the previous two years”, – said in a forecast.
The Bank notes that in the first quarter of 2017, industrial production in Ukraine decreased by 0.7% yoy, which was associated with blockade of cargo in the Donbass.
According to EBRD, the blockade will affect the GDP growth and balance of payments in the short term.
© 2017, paradox. All rights reserved.
