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Ukraine GDP will fall 13.1% this year, investment group says
Journal Staff Report

KIEV, June 17 – The ICU investment group has forecast that due to the financial crisis early this year, Ukraine's GDP decline in 2015 will be 13.1% against the previously predicted 7.6%, but economic stabilization is expected as early as Q2 2015, with the GDP forecast for 2016 reviewed from 0% to 2.5% growth.

"If early this year we predicted that a noticeable revival of the Ukrainian economy will begin in 2017 only with a zero GDP growth in 2016, now we forecast that the economy will demonstrate a 2.5% growth as early as next year," Oleksander Valchyshen, the head of ICU's Research Department, Member of Investment Committee, said.




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