World Bank keeps forecast for Ukraine's GDP growth for 2017 at 2%

13:00, 04.04.2017 1 min read

The World Bank has maintained a moderate forecast for the growth of Ukraine's gross domestic product (GDP) in 2017 at a rate of 2%, World Bank Director for Ukraine, Belarus and Moldova Satu Kahkonen has said at a briefing in Kyiv.

"If the reforms are accelerated in the next two years, the growth will be 4%," she said.

The National Bank of Ukraine projected a 2.8% increase in the economy this year, however due to the trade blockade of the ORDLO it deteriorated its estimate to 1.9%.

The government in the national budget for 2017 laid the forecast for GDP growth of 3%, but also revised it downward due to the blockade of the ORDLO.

Ukraine's GDP last year increased by 2.3% after falling by 9.8% in 2015 and by 6.6% in 2014.