KYIV, Jan 21 – The National Bank of Ukraine (NBU) will probably expand 4.2%on the year in 2021 after contracted an estimated 4.4% in 2020, the National Bank of Ukraine said in a report.

"The NBU estimates real GDP to decline by 4.4% in 2020, which is less than expected in the previous forecast [6%]. The Ukrainian economy recovered rather quickly in the second half of the year," the central bank said on Thursday.