KIEV, Dec. 20 – The International Monetary Fund has downgraded the forecast for Ukraine's GDP growth in 2014 to 1% compared to 1.5% in the forecast from October this year.

The forecast was provided in the report on the meeting of the IMF Executive Board on Ukrainian issues.

The IMF expects Ukraine's GDP to fall by 0.3% this year, while in October it expected the figure to rise by 0.4%.