Ukraine's Finance Ministry estimates GDP growth in 2016 at 1.8%

Ukrainian Deputy Finance Minister Oksana Markarova says Ukraine's gross domestic product (GDP) grew by 1.8% in 2016.

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"Some 1.8% growth [was recorded] last year and we forecast 3% growth in 2017," she said at a workshop in Kyiv on the economic development of the regions.

Read alsoIndustrial output in Ukraine rises after four-year dropAn inflow of investment and an increase in exports should become drivers of economic growth in 2017, Markarova said.

As UNIAN reported earlier, Ukraine's GDP grew by 2% in the third quarter of 2016 year-over-year, according to the State Statistics Service of Ukraine.

The state budget for 2017 envisages a 3% GDP growth in Ukraine, while the International Monetary Fund forecasts a 2.5% GDP growth in Ukraine in 2017.

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