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Ukraine’s President predicts economic rise despite Russia aggression

On May 7, during his working visit to the Poltava region, President of Ukraine Petro Poroshenko has said he hopes for an economic growth in the country despite Russia's aggression.
Ukraine’s President predicts economic rise despite Russia aggression

“I think it is very good that even in war times, even under conditions of aggression, when the country has to spend 5% of GDP or almost 25% of state budget means for defense and security, we find an opportunity to finance roads, medical establishments not forgetting about culture and spirituality,” the President said, Joinfo.ua reports with reference to Interfax-Ukraine.

He added that despite the conflict in the east of Ukraine, the country holds necessary reforms, and the International Monetary Fund (IMF) makes positive economic forecasts.

“We restored a GDP growth,” President Poroshenko said adding that the state will move forward with the reforms.

It should be recalled that the International Monetary Fund announced its forecast for Ukraine’s economy growth in 2016 at 1.5% and in 2017 at 2.5% and called on Ukraine to implement structural reforms.

Earlier, the National Bank of Ukraine estimated the GDP decline in 2015 at 10.5%.