IMF: growth of Ukraine’s economy still weak

МВФ: рост экономики Украины еще слаб

The international monetary Fund (IMF) noted the still weak economic growth of Ukraine.

This is stated in the report of the Fund, published together with the text of the Memorandum with Ukraine on the stand-by program (SBA).

“Investments, especially foreign direct investment, held back by a difficult business climate, while a large number of workers seeking employment opportunities abroad, because economic growth is too low in order for the income could significantly reduce the gap compared to other countries in the region”, – the document says.

Despite the restoration of macroeconomic stability and economic growth after a severe crisis in 2014-2015, efforts to create a more dynamic, competitive economy has not met expectations, the IMF said.

Earlier, the Cabinet of Ministers of Ukraine has kept growth forecast of gross domestic product (GDP) at over 3%. And the National Bank of Ukraine predicted that by year-end real GDP growth of Ukraine will amount to 3.4%