KYIV, Sept 22 - Ukraine’s economy will probably contract 5.5% on the year in 2020, which is better than 7.2% contraction seen previously, according to the latest forecast from Dragon Capital investment bank.

"We have revised the drop in GDP from 7.2% for the current year to 5.5%," Fiala said during the Global Outlook event in Kyiv.

He said that in Ukraine, as in the world, there is a V-shaped economic recovery. One of the factors for this is "a positive background," Tomas Fiala, the head of Dragon Capital, said.