REUTERS
Ukraine's gross domestic product (GDP) may grow by 2-3% in 2017, according to experts.
"We have a moderate forecast for Ukraine's economic growth. It coincides with the official one: it is approximately 2-3% this and next year. The inflation trend that began last year will continue this year. Thus, there is no risk that inflation may go beyond the projected range around 8% +/- 2 [p.p.]," said Deputy Chairman of the Citibank Board Vladyslav Sochynsky.
Read alsoWeek's balance: emergency measures in power generation, GDP growth, and prosecutorial audit of utility tariffsHe also forecasts that the National Bank of Ukraine's policy on the monetary market will be gradual liberalization, and the refinancing rate will start declining as early as in the second quarter.
What is more, he said, the secondary market of government bonds has demonstrated development, which may attract foreign investors in the near future.
President of the American Chamber of Commerce Andy Hunder, in turn, projects Ukraine's GDP could grow by 2% or even more this year.
"Last year we saw the first signs of GDP growth by 1.5%. This year, we expect GDP will grow by 2% or maybe a little higher, that's why these are forecasts of growth. Yet, we need to understand where we stand. Some companies are at the levels of 2007," the expert said.
As UNIAN reported earlier, Ukraine's GDP increased by 4.7% in Q4 2016 compared to Q4 2015, whereas it grew by 1.9% from Q3 2016, according to Ukraine's State Statistics Service.
The International Monetary Fund forecasts a 2.5% increase in Ukraine's GDP in 2017, while the World Bank predicts a 2% growth.