Presidential Adviser Umanskyi: Ukraine Enters State Of Stagnation

Presidential adviser and former first deputy minister of finance Ihor Umanskyi believes Ukraine has achieved macroeconomic stabilization and that the country has entered a state of stagnation.

Umanskyi stated this in an interview with the Ukrainian News information agency.

According to him, Ukraine can be considered to have been in a state of stable macroeconomic situation for six months.

As Ukrainian News earlier reported, the National Bank of Ukraine estimates that Ukraine's GDP grew by 3% in the first quarter of 2017.

The country's GDP grew by 4.7% in the first quarter of 2016.

The inflation rates in Ukraine were 1.0% in February 2017 and 2.1% in the period of January-February.