EBRD predicts Ukrainian economy's 5% slump

2015-01-20 12:13:14

The European Bank for Reconstruction and Development (EBRD) predicts a 5% slowdown of Ukrainian economy in 2015, the Bank's press service reported.

"The Ukrainian economy remains in quite a bad shape. Besides the negative impact of the ongoing conflict in eastern Ukraine, there are doubts about volume and terms for providing international financial assistance. After a steep decline in 2014, a further slide of 5% is forecast for current year ", the EBRD noted.

The bankers noted further developments depend on the external and internal factors, including the Ukrainian government's ability to implement key reforms, reduction of regional geopolitical risks and ending war in the Donbas conflict region.