world bank sees ukraine rebounding
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

World Bank sees Ukraine rebounding

Arab Today, arab today

Arab Today, arab today World Bank sees Ukraine rebounding

A combine harvester gathers grain from a field in the village of Mala Divytsa,Ukraine
Kiev - AFP

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.
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 of two percent after shrinking by 11 percent this year.

Economists believe that the war-torn former Soviet country's output hit rock bottom over the summer as fighting in the separatist east calmed.
The decline in industrial production slowed to 5.8 percent in August compared to 13.4 percent the previous month.

The annualised inflation rate has also come down from its peak of more than 60 percent at the start of the year to 52.8 percent in August.

Ukraine has been riven by fighting since pro-Western protests toppled a Moscow-backed president in February 2014.

Russia annexed Ukraine's Crimea strategic peninsula a month later and later witnessed a pro-Moscow insurgency erupt across its neighbour's industrial east.

Russian President Vladimir Putin denies charges of either orchestrating or backing the revolt in order to undermine the pro-Western authorities in Kiev and keep Ukraine dependent on Moscow's goodwill.

A Friday summit in Paris between Ukranian President Petro Poroshenko and Putin that was also attended by the leaders of Germany and France ended with the sides apparently agreing that a February peace deal will not be fulfilled by its end-of year deadline.

This implies that Russia will keep control of a 400-kilometre (250-mile) stretch of Ukraine's porous eastern border in the conflict zone for at least a part of the coming year.

Ukraine finds this unacceptable and says no peace -- or economic growth -- can resume until its territorial integrity is restored.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

world bank sees ukraine rebounding world bank sees ukraine rebounding

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

world bank sees ukraine rebounding world bank sees ukraine rebounding

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday