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Ukraine's economy returned to positive dynamics.

Ukraine’s economy returned to positive dynamics.

Posted in News.

Analysts of the World Bank noted that returned to the positive dynamics in the first quarter was recorded GDP growth of 0.1% in 2016 Ukraine’s economy. Thus, according to analysts, the country has passed the peak of the recession.
The Ukrainian economy has passed the peak of the recession, and in 2016 returned to positive dynamics. This is stated in dedicated Global Economic Prospects report, the World Bank.
WB experts draw attention to the growth rates in the regions of Ukraine, which are not directly affected by the conflict.
In this regard, the bank’s analysts maintain growth forecast for Ukraine’s GDP in 2016 at the level of 1%.
According to the World Bank, Ukraine’s GDP decline in 2015 (by 9.9%) was not as significant as previously thought. After growing by 1% in 2016, as the World Bank experts believe Ukraine’s economy will grow by 2% in 2017 and 3% – in 2018.
With regard to consumer prices, as noted by the bank, after a sharp rise in 2014 and 2015, which was due to the devaluation of the hryvnia, inflation has slowed down this year against the background of the stabilization of the national currency.
The forecast of world economic growth for 2016. The World Bank downgraded from 2.9% to 2.4%. The Bank believes that the global GDP will grow by 2.8% in 2017, and in 2018 – by 3%.
The World Bank also downgraded the assessment of growth and development economics. In 2016, this growth is expected to be 3.5%, in 2017 – 4.4% and in 2018 – 4.7%.
At the same time the World Bank experts predict a decline in Russia’s GDP in the current year by 1.2% as a result of the fall of private investment and consumption. However, in 2017 the World Bank expects Russian economy growth by 1.4% and in 2018 – by 1.8%.
Also, the World Bank report predicts the stability of the economic situation in the euro area, where growth of GDP in the next year and a half, according to analysts, will be 1.6%.
As reported, Ukraine’s GDP in the first quarter of 2016 increased by 0.1% compared to the same period of 2015. In 2015, Ukraine’s GDP fell by 9.9% compared to 2014 year.

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