Photo from UNIAN
Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Solohub says the Ukrainian economy was able to withstand a shock caused by the breakdown of trade and transport ties in eastern Ukraine and grew by 2.4% in the first half of 2017 (H1), according to the NBU website.
"We can see from current indicators that our forecast of 1.6% GDP growth in 2017 turned out to be somewhat conservative. It will be higher," Solohub said at a coordination meeting with heads of the country's major banks on Wednesday, September 27.
As UNIAN reported earlier, Ukraine's GDP rose by 2.3% in the second quarter (Q2) of 2017 year-over-year (y-o-y), while it rose by 0.6% against Q1 2017.
Read alsoEconomy ministry: Shadow economy in Ukraine drops to 37% of GDP in Q1
Ukraine's GDP grew by 2.3% in 2016 against 2015. At the same time, economic growth has been recorded for the first time in Ukraine over the past four years
The International Monetary Fund and the World Bank predict Ukraine's GDP may grow by 2% in 2017.