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Yatseniuk outlines conditions for Ukrainian economy growth in 2016
12.02.2015 18:13 "Agro Perspectiva" (Kyiv) —
The government expects Ukraine’s economy to resume growth in 2016, provided reforms envisaged under the new lending program with the IMF are implemented and Russia ends its aggression, UNIAN says referring to the Ukrainian Prime Minister Arseniy Yatseniuk report on Thursday.
It is to be admitted, international financial institutions expect that the fall of Ukraines economy will slow in 2015, although IMF forecasts say it may grow by 1% in 2015.
As to Ukrainian government forecasts, the Ukrainian economy will shrink by 4.5% in 2015 and grow slightly in 2016.
It is to be admitted, official estimates of the Ukrainian State Statistics Service regarding Ukraine’s GDP fall in 2014 have not been published yet, but according to IMF estimates the lowering was 77.5%.
In meanwhile, on Feb 11, the Ukrainian government and the IMF agreed on a new lending program for a period of four years in an amount of US$17.5 milliard, with the possibility of raising macro financial support to US$25 milliard. A final decision on this program by the IMF Executive Board is expected in about a month.
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