Economy Ministry: Economic growth 2%, industrial production 2.4% in 2016

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"In general, based on the results of 2016, the Ministry of Economic Development has estimated GDP growth at approximately 2%," reads the report.

Read alsoUkraine's state debt grows 8% to $71 bln in 2016"For the first time since 2011, the growth of industrial production by the end of 2016 amounted to 2.4%," the ministry writes. "For the first time since 2012, due to the strengthening of macroeconomic stability, the consolidated production index showed growth."

Read alsoState Treasury reports 39% State budget surplus in Jan 2017The ministry added that at the end of 2016, it recorded a 4.1% growth after a 6.1% drop in 2015.