NEWSLINK: World Bank: Reforms are the Best Antidote to Exogenous Shocks Confronting Ukraine, Says World Bank

Despite decisive measures in 2014 to stabilize the economy and jumpstart growth, Ukraine’s economic woes worsened mainly due to the conflict in the east. In its new Ukraine Macroeconomic Update, the World Bank projects real GDP to fall by 7.5 percent in 2015, down from 6.8 percent in 2014. This lower forecast is mainly driven by the ongoing conflict that has complicated efforts to stabilize the economy, disrupted economic activities, and hurt confidence of both investors and consumers. A gradual recovery starting in 2016 is possible if the conflict abates and the authorities continue implementing much-needed macroeconomic and structural reforms.

http://www.worldbank.org/en/news/press-release/2015/04/29/reforms-are-the-best-antidote-to-exogenous-shocks-confronting-ukraine-says-world-bank