KYIV, June 2 – Ukraine’s economy will probably contract 6.5% on the year in 2020, which is worse than 5.6% that has been earlier expected, according to Bank of America Global Research analyst report.

The change is due to worsening in BofA global growth forecasts, especially in the EU. Also, Ukraine's real GDP in the first quarter of 2020 was also slightly weaker than expected: at negative 1.5% year-over-year compared to its previous expectations of 0%.