IMF sees Ukraine returning to growth next year


  • World
  • Thursday, 12 Mar 2015

WASHINGTON (Reuters) - The International Monetary Fund said on Wednesday that Ukraine's economy should return to growth in 2016 after a deep contraction this year.

In a news release providing details of its $17.5 billion (11.72 billion pounds) loan to Ukraine, the IMF said the economy would likely shrink by about 5.5 percent this year, before rebounding with growth of 2 percent in 2016 and 4 percent annually in the medium term.

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