World Bank predicts drop in Ukraine's GDP in 2014 by 3%

The World Bank has predicted a fall in Ukraine's gross domestic product (GDP) in 2014 by 3%, whereas in October 2013 the bank expected economic growth of 1.5-2%, World Bank's economist in Kyiv Anastasia Golovach said at a press briefing on Friday.

She said that the key factors determining the dynamics of economic development would be a reduction in domestic demand due to the government's anti-crisis measures, as well as a reduction in capital investment.

Golovach also said that the World Bank expected inflation in Ukraine this year at 15% (December to December).