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 Ukraine's GDP to grow by two percent next year, Finance Minister says

The government's forecast of 2% GDP growth in 2016 is realistic.

As reported by Censor.NET citing UNIAN, this was announced by Finance Minister Natalie Jaresko at the SFA Society Ukraine forum in Kyiv.

The minister reminded of the government's forecast of two-percent GDP growth for Ukraine in 2016.

"I believe these figures are realistic, and we have to achieve such a growth," Jaresko said.

As reported, on Nov. 5 the European Bank for Reconstruction and Development (EBRD) has downgraded its outlook for the fall of the Ukrainian economy in 2015 to 11.5%, from the June 2015 figure of 9%. In 2016, the EBRD estimates Ukraine's GDP growth of 2 percent.

Read more: Abromavicius promises Ukraine's economy advances next year: "We'll have at least 2 percent growth"

According to the National Bank of Ukraine estimates, which correlate with one of Ukraine's largest creditors, the World Bank, Ukraine's GDP has grown by 1 percent in Q3 of 2015 compared to the previous quarter.

According to the State Statistics agency, Ukraine's GDP decline in Q2 2015 slowed down to 14.6 percent yearly after being 17.2 percent in Q1.
 
 
 
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