World Bank estimates Ukraine's economic drop by 10%, forecasts 1% growth in 2016

REUTERS

He also noted that the contraction of Ukraine's economy and GDP by 10% last year was due to the unprecedented shocks associated with ongoing hostilities in Ukraine's east, decline in prices on the global commodity markets, as well as the fiscal deficit and inflation.

Read alsoFitch maintains Ukraine growth forecast in 2016The official said the "political crisis poses a serious threat to the economic recovery and further economic reforms. It is important, in our opinion, so that this political crisis is resolved as soon as possible." 

He compared Ukraine to a cyclist moving uphill, who must constantly pedal to keep from falling.