Ukraine Economic Update

If the situation in the east stabilizes and decisive UKRAINE'S REAL GDP reforms - especially in energy and banking sectors - 2011 5.5% are sustained, economic recovery is expected to set % CHANGE in from 2016 onward. 2016 2.0% 2012 0.2% 2013 0% SUBSTANTIAL RISKS Further escalation of the conflict may deepen economic decline in 2015 and delay recovery. DAMAGED INFRASTRUCTURE LEARN MORE: LOWER EXPORTS UKRAINE ECONOMIC UPDATE 2014 -6.8% HIGHER SECURITY-RELATED SPENDING www.worldbank.org/ukraine 2015 -7.5% APRIL 2015 CONFIDENCE DETERIORATION THE WORLD BANK IBRD IDA I WORLD BANKOROUP