MP Groysman hopeful of Ukraine's economic growth exceeding 5% in 2018

"We must achieve economic growth exceeding 5% the next year," the prime minister said during a traditional Q&A session in the Verkhovna Rada, Ukraine's parliament, on November 17.

According to the head of government, economic growth will allow a further improvement in citizens' living standards and modernization of the country.

Read alsoPM Groysman: Draft budget for 2018 foresees further decentralization"The economy has started to grow, but this is not enough for rapid changes in the lives of citizens. We must pass laws to make economic growth go beyond 3% to 5-7%. This achievement will be reinvested in raising standards of citizens' lives and modernizing the country," he stressed.

As UNIAN reported, Groysman said earlier that the country's economy might grow to 5%-7% in 2019.

Ukraine's Cabinet of Ministers reviewed the forecast of GDP growth in Ukraine in 2017 downwards to 1.8% from 3%.

The country's GDP is expected to grow by 1.9% in 2017, by 3% 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.