Ukraine may see 7% GDP decline in 2014 – Yatseniuk

11:23, 18.11.2014 1 min read

Ukraine's agricultural sector may grow by 5% in 2014, while GDP may decline by 7% due to hostilities in the east of the country, Ukrainian Prime Minister Arseniy Yatseniuk said.

"Ukraine's agricultural sector is the only branch of the economy that demonstrates up to 5% growth. Another positive piece of news is that change in our Ease of Doing Business rank was 16 positions up. However, a negative thing is that our GDP may potentially contract by 7%," he said at the Ukrainian-Norwegian forum in Kyiv on Tuesday.

The Ukrainian government expects the country's economy to stabilize in the first half of 2015, he added.