Part 2: Background of the Ukraine’s Mega-Challenges

Since 2014, Ukraine has undertaken considerable reforms to reinforce macroeconomic stability and bolster the foundations of growth. After a significant contraction in 2014-2015, economic growth has picked up (2.4% in 2016-2017, 3.5% in 2018-2019). However, higher sustained economic growth is needed to deliver a durable improvement in living standards.