Ukraine's GDP will grow by 3.5% in 2017, not by 4% as projected earlier, Deputy Trade Minister Yulia Kovaliv said. "I want to specify: 3.5% is our expectation for GDP growth for next year," she said. "Consumption will grow. We have increased social standards from May 1. Later they will be increased by 10%. Pension taxation is revoked. We see growth of industrial production by 3.7% in the first quarter. We have not seen this for the past two years."