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Ukraine enters era of economic growth

Staff Writer |
Ukrainian President Petro Poroshenko said on Wednesday that his country is entering an era of economic growth.

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"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.

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