The World Bank In Ukraine

Ukraine’s economy grew by 2.3 percent in 2016 after around 16 percent cumulative real GDP contraction in the previous two years. The recovery was supported by a bumper harvest and a pickup from low levels in manufacturing, construction, and key services. The poverty rate remained elevated in 2016, but declined slightly relative to 2015 levels due to lower inflation and higher wages. The economic outlook is modest given significant headwinds related to the conflict and trade blockade in the east of Ukraine. Sustainable recovery is contingent on renewed structural reform momentum. Read more...