The World Bank has retained its outlook of gross domestic product (GDP) growth for Ukraine at the level of 3.5% in 2018 and 4% in 2019 and 2020.
The World Bank has said this in a January Global Economic Prospects (GEP) report, Ukrainian News Agency reports.
In its report the World Bank recorded the growth of the Ukrainian economy by 2% in 2017, attributing the slow growth to a trade blockade with occupied eastern areas that curbed production of electric energy.
After a period of relative stability, the World Bank expected the Ukrainian economy to pick up the growth to 4% in the medium term.
As Ukrainian News Agency earlier reported, the National Bank of Ukraine forecast the GDP growth at the level of 3.2% in 2018, at 3.5% in 2019.
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