Expert forecasts for Ukraine's economy vary between 5% growth, 2.3% fall

The experts from key Ukrainian and foreign economic institutions predict multidirectional dynamics of development of Ukraine's economy in 2016 – from a 5% growth to a fall by 2.3% compared to 2015, head of ICU Group analytical department Oleksandr Valchyshen wrote on Facebook.

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"As of today, the forecasts for the Ukrainian economy for 2016 are the following. As a rule, such forecasts are mind-blowing, but sometimes this information can be extremely useful," the expert said.

In particular, according to ICU Group, the most optimistic scenario for Ukraine was presented by London Institute of Capital Economics – 5% growth on the results of 2016. ICU experts also see positive development for the economy of our country (2.6% growth on the basis of the year). The Cabinet of Ministers and a key creditor – the International Monetary Fund, both sources predict growth of 2%. The National Bank of Ukraine, Dragon Capital investment company and BBG Consensus forecast 1 -1.2% growth on the basis of 2016.

Read alsoNBU worsens inflation forecast for this year"The median forecast is presented by Bloomberg – 1.2%," Valchyshen said.

The least optimistic in its forecast is the ING investment bank, as well as Kyiv Institute of Evolutionary Economics and Kyiv Institute of Social and Economic Research. According to Valchyshen, these sources predict the fall of the Ukrainian economy from -1% to -2.3%.

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