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Ukraine enters era of economic growth

Staff Writer | November 1, 2018
Ukrainian President Petro Poroshenko said on Wednesday that his country is entering an era of economic growth.
Petro Poroshenko
Europe   President Petro Poroshenko
"As the result of tough and difficult anti-crisis measures, Ukraine is entering a long period of economic growth," Poroshenko said at a meeting with local and foreign businessmen.

The Ukrainian economy sank into recession in the first quarter of 2014 and suffered a consolidated decline of 16.5 percent in 2014-2015.

The country's gross domestic product rose 2.5 percent in 2017, after growing 2.3 percent in 2016.

This year, the economy is expected to expand 3.4 percent.