The ICU investment group has improved its forecast for Ukraine’s GDP this year, lowering its estimate of the fall to minus 5.7%

The ICU investment group has improved its forecast for Ukraine’s GDP this year, lowering its estimate of the fall to minus 5.7%, from its earlier forecast of minus 6.7%. This year’s drop will be cancelled out by next year’s growth of 5.6, Sergiy Nikolaychuk, the head of ICU’s macroeconomic research tells Interfax-Ukraine. He said the softening of this year’s fall “was facilitated by the rapid ‘turn on’ of the economy in the summer, and by the improvement of the terms of trade due to high prices for iron ore.”