KIEV, March 31 – The National Bank of Ukraine has predicted that Ukraine's GDP will fall by 7.5% in 2015, with inflation being 30%, while in 2016 GDP will grow by 3% and inflation will fall to 13-14%.

According to an NBU report issued on Monday, the macroeconomic forecast was approved by the NBU's monetary policy committee at a meeting held on March 25-26.

"In 2015, GDP will fall by 7.5% due to the effect of the statistics base," reads the report.