KIEV, May 20 – Ukraine's economy will grow 4.5% in 2011 and in 2012, the European Bank for Reconstruction and Development said in its regional economic forecast, which was released on Friday.

In January, the EBRD forecast 4% growth of Ukraine's GDP in 2011.

At the same time, the bank expects that the country's economy will grow by 4.4% in the fourth quarter of 2011 compared to the fourth quarter of 2010, and by 6% in the fourth quarter of 2012 year-over-year.