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Wednesday, January 18, 2017

Ukraine's economy in 2017 to grow by 1.9% - UN forecast




The growth rate of gross domestic product (GDP) of Ukraine will amount to 1.9% in 2017 and 3.2% in 2018, according to the report compiled by experts of the Department of Economic and Social Affairs of the United Nations.



Inflation in Ukraine will amount to 12.7% in 2017 and 8.6% in 2018, according to the experts. In addition, the analysts expect a 1.7% economic growth in the CIS countries after the two years of decline.

The growth will be due to stabilization of oil prices and the reduction of political tension. As UNIAN reported earlier, the World Bank had kept the growth forecast for the Ukrainian economy at 2% in 2017, while noting the progress in the reform of public finances, debt policy, as well as reforming the energy and banking sectors.

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