The Cabinet of Ministers worsened the GDP growth forecast in 2017

© AP Photo / Sergei ChuzavkovРека the Dnieper river in Kiev, Ukraine. Archival photoThe Cabinet of Ministers worsened the GDP growth forecast in 2017© AP Photo / Sergei Chuzavkov

The Cabinet of Ministers of Ukraine at a meeting on Wednesday downgraded the forecast of GDP growth in 2017 from 3% to 1.8% and the inflation rate from 8.1 to 12.9%.

«To adjust the main target indicators for 2017 in the draft resolution lays the GDP growth in 2017 by 1.8 percent, the consumer price index in average annual terms by 12.9%,» — said the first Vice Prime Minister of Ukraine, Minister of economy Stepan Kubiv, presenting at a government meeting a draft decision.

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