KIEV, Nov. 14 - Fitch Ratings predicts that Ukraine's GDP will grow by 1.1% in 2016.

This is 0.1 percentage points higher than Fitch projected in May 2016.

GDP growth is forecast to accelerate to 2.5% in 2017 and 3% in 2018 and this is 0.5 p.p. higher for the two figures than anticipated in May 2016.

"Political risks remain significant, but near-term political volatility has eased… Privatization has yet to gain momentum. The unresolved conflict in eastern Ukraine will continue to weigh on growth performance and expectations," Fitch said.