Ukraine's GDP in 2015 will decline by 7.5 percent against a 6.8 percent decline in 2014, World Bank Director for Belarus, Moldova and Ukraine Qimiao Fan said in Kyiv on April 29.
As was reported, in October 2014, the World Bank projected that Ukraine’s GDP would decline by 1 percent in 2015 and by 8 percent in 2014. In January 2015, the forecasts were revised by the World Bank to 2.3 percent and 8.2 percent respectively.
The World Economic Outlook published in the middle of April 2015 by meetings of the International Monetary Fund and the World Bank, Ukraine’s GDP decline in 2015 was projected at 5.5%. In 2016, it was forecast Ukraine would see a 2 percent increase in its GDP.
The National Bank of Ukraine predicts a 7.5 percent decline in Ukraine’s GDP in 2015.
