REUTERS
The European Bank for Reconstruction and Development downgraded its outlook for the fall of the Ukrainian economy in 2015 to 11.5%, from the earlier projected 9%.
Accordind to the EBRD’s updated forecast, "there is cautious hope that the economy reached the bottom in the middle of 2015 and that the output level will stabilize in the second half of the year amid domestic and regional risks which remain material."
The report notes that Ukraine generally fulfills the requirements of the cooperation program with the International Monetary Fund.
Read alsoSurplus of Ukraine's national budget in nine months estimated at UAH 8.8 blnThe GDP growth is projected at 2% in 2016, according to the statement on the Bank’s website.
As UNIAN reported earlier, the National Bank of Ukraine sees Ukraine’s GDP grow by 1% in 3Q 2015 compared to Q2 – the assessment which is in line with that of the World Bank, one of Ukraine’s major creditors.
The State Statistics Service the GDP decline slowed down to 14.6% in 2Q 2015 in annual terms, compared to the previous quarter, taking into account the seasonal factor.
The Cabinet considers three main scenarios for Ukrainian economy’s development in 2015, with the country’s GDP expected to drop within the range of 11.9% - 5.5%.
According to the released outlook of the IMF, Ukraine’s GDP will decrease by 11% in 2015.