Ukraine’s GDP growth this year is projected at 1.8%, while by 2020 this figure could reach 4%, President Petro Poroshenko stated in the Verkhovna Rada in his annual address on the internal and external situation of the country.
“According to the results of this year, GDP growth is projected at 1.8%. We expect economic growth to accelerate to 4% in 2020,” the head of state said.
Ukraine’s GDP has been growing for six quarters in a row, following fourteen quarters of the fall.
In addition, Poroshenko recalled that last week Moody’s upgraded Ukraine’s credit rating.
The president said he was convinced that tough anti-crisis steps, macro-financial stabilization, reduction in the tax burden on business, deregulation, opening of new foreign markets and other measures contributed to this growth of the Ukrainian economy. (Ukrinform/Business World Magazine)