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KIEV Cheap Connor McDavid Jersey , July 3 (Xinhua) -- Ukraine's shadow economy decreased by 6 percentage points to 34 percent of the gross domestic product (GDP) in 2016 amid an overall recovery, the Economic Development and Trade Ministry said on Monday.

The restoration of the economic growth and the slowdown in inflation were the main factors that hit the underground economy, the ministry said in a statement.

Among other aspects that contributed to the decrease, the ministry listed the improvement of the business environment and the reduction of the payroll tax.

The banking crisis, tensions with Russia and the conflict in eastern regions are the key imbalances that still contribute to the development of the informal economy Cheap Leon Draisaitl Jersey , the ministry said.

Ukraine's shadow economy has been contracting since 2014, when it stood at 42 percent of the GDP, its highest level in nearly a decade.

Chinese aircraft carrier formation conducts trans-regional training

Water level in Changsha section of Xiangjiang River reaches record high

Central China's Guiyang hit by rain-triggered flood

2017 Canada Day Parade held in Vancouver

Weekly choices of Xinhua photo

In pics: sea of vervain in terraced fields in E China

Fireworks show held to mark HK's 20th return anniversary

Water level of Ganjiang River rises due to lasting rainstorm

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Dijon: Bad start of the season (Recent form: L W L D L)
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Monaco: Strong performance in the first game in league (Recent form: D D L L W)
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