Ukraine's GDP will decline by 7.5% in 2015 against a 6.8% decline in 2014, World Bank Director for Belarus, Moldova and Ukraine Qimiao Fan said on Wednesday. In October 2014, the World Bank projected that Ukraine's GDP would decline by 1% in 2015 and by 8% in 2014. In January 2015, the forecasts were revised by the World Bank to 2.3% and 8.2%, respectively. The National Bank of Ukraine also predicts a 7.5% decline.