KYIV, Nov 23 - ICU Investment Group has improved its forecast for the fall of Ukraine's gross domestic product (GDP) to 5% from 5.7%, head of the group's macroeconomic research department Serhiy Nikolaichuk said.

"In total, the economy will contract by about 5% in 2020 (compared to 5.7% in our September forecast). This will lead to a decrease in GDP below the level of 2018, but compared to most other countries, the Ukrainian economy will demonstrate better dynamics," he wrote on Facebook.