The World Bank has kept the forecast for GDP growth in Ukraine in 2016.
The World Bank has kept the forecast for GDP growth in Ukraine in 2016 at the level of 1%, according to the World Bank materials.
“The World Bank predicts that, subject to the continuation of reforms and the gradual resumption of GDP growth of 1% may occur in 2016”, – the report says.
In 2017 the bank’s experts expect GDP growth in Ukraine for 2%.
According to WB forecasts, inflation in Ukraine in 2016 will amount to 15% and in 2017 – 11%.
The World Bank points out that the current political crisis in Ukraine threatens economic reform.
Reforms in several areas crucial to achieve renewal and sustainable development in 2016 and in subsequent years. Delay or full stop reforms will undermine the resumption of the economy and will lead to negative social consequences.
Bank Experts recommend Ukraine to ensure macroeconomic stability, to continue reforms aimed at fiscal consolidation, strengthening the financial sector, supporting a flexible exchange rate.
Bank experts say that Ukraine is essential to ensure macroeconomic stability in light of the challenging external environment.
