The European Bank for Reconstruction and Development (EBRD) expects the Ukrainian economy to grow in the current year by 1.5% and the growth will accelerate to 2% next year.
According to the bank’s updated forecast, compared to May this year the forecast for 2016 was downgraded by 0.5%, while for 2017 it was retained unchanged.
“Ukraine’s economy resumed growth in the first half of 2016 after a total fall of GDP by 16% over the previous two years. Bad loans remain an acute problem for Ukraine”, the bank said.
In general, the EBRD’s forecast for the region for 2016 was improved by 0.2%, to 1.6%, while for the next year maintained at 2.5%. (Interfax/Business World Magazine)