IMF predicts economic recovery in Ukraine by the end of the year.
This was told the IMF Resident Representative in Ukraine Jerome Vacher.
«The situation is complicated. Over the year, the country again waiting for the recession. According to forecasts, the decline in GDP will be 5.5%, inflation – about 27%. In 2013, the current account deficit was more than 9%. In 2014 it was reduced by half. And this year, we expect a deficit of 1.5% of GDP,»- he said.
At the same time, he said, the IMF expects the economic recovery will begin by the end of 2015 and in 2016 gradually resumed growth at around 2%.
«In many ways, the engine of this growth will be investments. The Ukrainian economy has great potential. Here a great human capital and the situation are very favorable to develop export potential. If the reforms are carried out properly, especially in a business environment, we will see progress quickly,»- says Vacher.
