KIEV: The World Bank on Monday said it expected crisis-torn Ukraine’s imploding economy to start recovering later this year and reach 1.0 percent growth in 2016, BSS/AFP reported.
The bank maintained its earlier outlook of a 12 percent economic contraction across 2015.
It also warned its projections depended on the government’s ability to implement long-promised cost-and corruption-cutting measures instrumental to sustainable growth.
“We do expect recovery to start later this year. In 2016 we forecast GDP growth to be around one percent,” the bank’s regional director Qimiao Fan told reporters in Kiev.
The International Monetary Fund on Saturday said it saw Ukraine posting growth …read more
Source: The Bangladesh Today
