REUTERS
Ukraine's Economic Development and Trade Ministry forecasts GDP growth by 1.8% in 2017, according to the ministry's press service.
"We expect further positive GDP dynamics at 1.8% by the end of the year," it said.
For the first time in five years, the growth of the country's economy is propped up by growing demand for Ukrainian products in key foreign markets.
"Increasing wages, the gradual stabilization of the national currency (its forex rate and value), ongoing economic reform, and an improvement in business expectations are conducive to positive processes in the country's economy," the ministry stressed.
Read alsoUkraine sees 2.4% GDP growth in Q1 y-o-y – statisticsAs UNIAN reported earlier, Ukraine's GDP rose by 2.4% in the first quarter of 2017 year-over-year, whereas it was 0.3% down from the fourth quarter of 2016, Ukraine' State Statistics Service said.
Ukraine's GDP is expected to increase by 1.9% in 2017, by 3.2% in 2018, and by 4% in 2019, according to Ukraine's National Bank estimates.
The International Monetary Fund forecasts the country's GDP will grow by 2% in 2017, by 3.2% in 2018, and by 3.5% in 2019.