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Ukraine's gross domestic product (GDP) in the first half (1H) of 2017 grew by 2.5%, according to analytical material published on the website of the Ministry of Economic Development and Trade.
"In general, the Ministry of Economic Development estimates growth in January-June 2017 at about 2.5%," the material says.
Read alsoUkraine estimates retail trade in H1 at $14 blnThe ministry predicts that the continued process of economic reform and improvement of business expectations, growth of consumer activity with an increase in wages, as well as the rise in prices in selected world commodity markets (metal, iron ore, mineral fertilizers, corn) will all determine the positive dynamics in certain branches of the real sector in January-September 2017.
However, this growth will be partially offset by the more restrained dynamics of the service sector. In general, in January-September, the Ministry of Economic Development expects a slowdown in GDP growth, including taking into account the effect of a significant comparison base last year.
Read alsoUkraine sees 3.8% increase in industrial production in JuneAs UNIAN reported earlier, Ukraine's GDP in the first quarter (Q1) of 2017 increased by 2.5% compared to the same period of 2016.
The National Bank of Ukraine projects the country's GDP may grow by 1.9% in 2017, by 3.2% in 2018, and by 4% in 2019.
The International Monetary Fund forecasts that Ukraine's GDP growth in 2017 will be at 2% in 2018 at 3.2% and in 2019 at 3.5%.