"Comparing with the last year, when our economy declined by almost 10%, this year we are expecting growth, a stable growth over the next three years," First Deputy Minister of Economic Development and Trade Yuliya Kovaliv said at a briefing in Kyiv.
The economic growth in Ukraine will be stimulated by the reforms in key economic sectors, according to Kovaliv.
Read alsoNBU cuts key policy rate to 18%"The main task of the government is to boost this growth, to lay down the foundation for major changes in key economic sectors and to ensure macro-financial stability," Kovaliv said.
As UNIAN reported earlier, the total fall of Ukraine's GDP in 2015 accelerated from 6.8% to 9.9% as compared with the previous year (at constant 2010 prices), excluding the occupied Crimea and a part of the Anti-Terrorist Operation zone. Nominal GDP at current prices amounted to UAH 1.979 trillion, and UAH 46,201 ($1,824) per capita.
Read alsoUkraine needs comprehensive and rapid reforms – BalcerowiczThe International Monetary Fund, Ukraine's key creditor, has maintained its economic growth forecast for Ukraine in 2016 at 1.5% and inflation at 15.1%. The World Bank projects the Ukrainian economy will grow 1% and inflation will stay at 15%.
According to the expert consensus forecast compiled by UNIAN, Ukraine's economy will grow by 1% this year amid a 3% increase in industrial production and 19% inflation.
The Ministry of Economic Development and Trade predicts economic growth of Ukraine not less than 4% in 2017.
