Fitch predicts Ukraine's GDP growth by 2-3% in 2017-2018
Fitch Ratings forecasts Ukraine's GDP will grow by 2-3% in 2017-2018.
"Ukraine's wealth metrics remain weak by international standards. Ukraine's economy demonstrated mild restoration in 2016 and Fitch estimates Ukraine's GDP grew 2.2% yoy in 2016 (2015: 9.9% contraction) and expects 2.0%-3.0% growth in 2017-2018," Fitch said in a press release.
As UNIAN reported earlier, Ukraine's GDP in Q1 2017 was 2.5% up year-over-year, but 0.3% down from Q4 2016.
Read alsoEconomy ministry updates outlook for hryvnia by year-endUkraine saw a 2.3% increase in GDP in 2016, GDP demonstrated growth for the first time in the past four years.
Read alsoUkraine's Central Bank reports 2.4% economic growth in H1The National Bank of Ukraine projects a 1.6% increase in GDP in 2017.
The World Bank and the International Monetary Fund are more optimistic and forecast 2% growth in Ukraine in 2017.