Economics

Poroshenko predicts economic growth in 2016

31 march 2015 | 14:43

Ukraine's GDP continues to shrink. The President believes Ukraine's economy will begin to grow in 2016. 

Петр Порошенко1
President Poroshenko expects economic growth for Ukraine
Ukraine's economic growth will resume next year, announced the President Poroshenko.

"I am confident that it (growth) will be achieved in 2016," – he said in Chernigiv Oblast State Administration, noting that it is necessary to ensure the payment of subsidies to low-income families in need by that time.

According to the State Statistics Service, Ukraine's GDP fell by 6.8% in 2014.

Read more: Ukrainian Cabinet admits GDP might decrease by 11.9% in 2015 according to pessimistic scenario

National Bank of Ukraine predicts 7.5% GDP decrease for Ukraine in 2015.

Source: Interfax-Ukraine

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