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Ministry of Economic Development and Trade predicts economic growth of Ukraine not less than 4% in 2017, First Deputy Minister of Economic Development and Trade Yuliya Kovaliv said during the Kyiv Economic Forum.
"We expect the growth of the Ukrainian economy this year, as well as a significant – three times – reduction of inflation, and in 2017 we expect the growth of the Ukrainian economy not less than 4%," she said.
Kovaliv stressed that the key driver of growth of the Ukrainian economy were investments, mostly private.
Read alsoNBU plans further cuts in refinancing rateAs UNIAN reported earlier, the International Monetary Fund, Ukraine's key creditor, has maintained its economic growth forecast for Ukraine in 2016 at 1.5% and inflation at 15.1%. The World Bank projects the Ukrainian economy will grow 1% and inflation will stay at 15%.
Moody's international rating agency also said it expected a resumption of economic growth in Ukraine in 2016 and 2017 after a cumulative real GDP fall of about 15% in the last two years.