KIEV, April 1 – The World Bank is sticking to its forecast for Ukraine's gross domestic product to grow 1% in 2016, said Qimiao Fan, World Bank Country Director for Belarus, Moldova and Ukraine.

He said that reforms in several directions are decisive for achieving the resumption of stable development in 2016 and subsequent years. A delay or the full stoppage of reforms would undermine the resumption of economic growth and result in negative social consequences, he said at the presentation of the new economic survey and macroeconomic forecast for Ukraine from the World Bank.

He said current political uncertainty is a serious threat for the country's economy.