The industrial output of Ukraine accelerated to 4.5% year-on-year in December following 3.7 y/y growth in November, the state statistics agency Ukrstat reprted on January 23.
In January-December 2016, industrial production increased by 2.4%. The result followed a sharp decline in 2015 (-13% y/y), in 2014 (-10.1% y/y), in 2013 (-4.3%).
Ukraine is showing good economic growth as the security situation in the Donbas region improves and some progress is secured in domestic economic reforms, specifically, in public finance, debt management and the energy and banking sectors.
The World Bank (WB) in its latest Global Economic Prospects report left unchanged its forecast for Ukraine's economic growth for the next three years. The WB predicts Ukraine's economic growth of Ukraine at the level of 2% in 2017 and at the level of 3% in 2018 and 2019.