This figure is lower than the Ukrainian government's estimates and experts' forecast for the Ukrainian economy. In particular, the government expects GDP will grow by at least 2%, while experts project the highest growth rate at 2.9% for the current year.
World Bank analysts insist the country will be able to see growth of 2% no earlier than in 2017.
Overall, growth is projected to accelerate to 3% in the Europe and Central Asia region in 2016, "helped by a steadying of oil prices, a smaller contraction in Russia, and a recovery in Ukraine that is being underpinned by an IMF-supported stabilization program," the World Bank said in its flagship report.
Earlier, the World Bank downgraded its forecast for global growth in 2016 by 0.4 percentage points to 2.9%.
