Ukraine's economy will grow by 1% this year - World Bank forecast

Ukraine's economy will grow by 1% this year - World Bank forecastAnalysts of the World Bank forecast that in 2017, the country’s economy will keep growing slowly, by one percent annually. That is, in 2017, they expect 2-percent growth, and in 2018 – 3-percent, reads the June report by the World Bank.

Experts said that in 2016, Ukraine’s economy already hit the rock bottom and returned to positive dynamics, as in Q1 its GDP grew by 0.1 percent. Specifically, the World Bank analysts marked visible growth in Ukraine’s Western regions, which have not been directly involved in Donbas conflict. However, export and import volumes have been twice lower than that of 2012 and remain weak, experts say.

Read also: Ukraine's economy is expected to return to growth in 2016 - EBRD

According to the World Bank, the GDP growth in the Euro zone will make 1.6 percent during the next year and a half.
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