Economy Ministry: GDP to grow 1% in 2016

"It is a so-called baseline scenario. A risk scenario is 1.5%," she said. The official reiterated that GDP fell by almost 10 percent last year. "In fact, half of this decline was caused by [the war in eastern Ukraine], about 1% of the fall was caused by severe restrictions imposed by our former largest trade partner – the Russian Federation," Kovaliv noted.