Gontareva: Ukraine's economy has hit the bottom, recovery expected
Ukraine's economic recession has bottomed out, and from the second quarter of 2015 the Ukrainian government is expecting a gradual recovery, the National Bank of Ukraine has reported on its Facebook page, with reference to a speech given by NBU Governor Valeria Gontareva during a symposium in Kyiv.
According to the NBU, the economic recovery is expected to take place primarily due to the positive impact of net exports and capacity utilization. It also expects some recovery in consumer and investment demand in the second quarter.
In general, the National Bank of Ukraine is expecting a decline in real GDP of 7.5% in annual terms in 2015.
At the same time, the NBU predicts the resumption of GDP growth in 2016, with growth for the year seen at 3%.