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IMF Looks into Magic Crystal Ball, Sees Ukraine Returning to Growth Next Year

IMF has cheery outlook for Ukraine

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WASHINGTON (Reuters) - The International Monetary Fund said on Wednesday that Ukraine's economy should return to growth in 2016 after a deep contraction this year.

In a news release providing details of its $17.5 billion loan to Ukraine, the IMF said the economy would likely shrink by about 5.5 percent this year, before rebounding with growth of 2 percent in 2016 and 4 percent annually in the medium term.

<figcaption>The IMF says inflation should subside to around 27 percent by the end of this year</figcaption>
The IMF says inflation should subside to around 27 percent by the end of this year

It said inflation should subside to around 27 percent by the end of this year after a spike led by a sharp drop in the value of Ukraine's currency and gas and heating tariff increases.


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