KIEV, Sept. 14 - Ukraine 's gross domestic product (GDP) will expand 1% with inflation hitting 14.1% in 2016, while the economic growth accelerating to 3% with inflation slowing to 8.1% in 2017, the government forecast.

The forecast was released by the office of Deputy Prime Minister for Economy and Trade Stepan Kubiv.

"We expect GDP growth to reach 1% in 2016, the rise in consumer prices by 14.1% December to December, or maybe even less, because today we expect some figures taking into account real current statistics," he said at a government meeting in Kyiv.