The World Bank predicts economic growth of Ukraine in 2016 by 1%, according to a recent World Bank report on global economic prospects.

In the next year, Ukraine’s GDP growth should amount to 2%, and in 2018 – 3%, according to World Bank forecasts of experts.

Ukrainian economy returned to positive growth of 0.1% in the first quarter of 2016, the World Bank experts have concluded.

At the same time, experts of the World Bank (WB) noted that a decrease of 9.9% in 2015 was not as critical as it was supposed earlier.

“More of this year, the data also suggest that the decline has reached the lower limit”, – emphasized in the report.

As noted by the World Bank, after a sharp rise in prices in 2014 and 2015 related to the devaluation of the hryvnia exchange rate and reforms, inflation slowed against the background of a stable currency.

“The western part of Ukraine is not directly affected by conflict and restored. However, exports and imports are at a level more than twice lower than in 2012, and remain weak. The ability of the banking sector to credit severely curtailed,” – experts say.