Corruption depresses Ukraine’s annual growth by two percentage points,

Corruption depresses Ukraine’s annual growth by two percentage points, Goesta Ljungman, the IMF Representative in Ukraine told reporters on Tuesday. The Economy Ministry’s consensus forecast for 2018 GDP growth is 3.1%. “Of course, economic growth by 3% per year is better than the 10% decline that Ukraine underwent in 2015,” said Ljungman, a Swede. “But, if you look at the context, the developing countries of Europe are now growing at an average of 4-5% per year, which indicates insufficiently rapid restoration of Ukraine.” The consensus forecast for next year is 3%.