In the second quarter, GDP increased 3.0% over the same period last year, according to preliminary estimates released by the National Statistics Institute on 27 July. The figure came in above the 2.0% rise observed in the first quarter and the 2.6% increase expected by Consensus Forecast panellists. GDP growth in the second quarter benefited from the Euro 2012 football championship, which was hosted by Ukraine and Poland. A quarter-on-quarter comparison corroborates the improvement suggested by the annual figures, as the economy expanded a seasonally adjusted 1.9% over the previous quarter, which contrasted the 0.3% drop observed in the first quarter. Revised and more complete data for GDP will be released in September. The Central Bank expects GDP to grow between 3.0% and 4.0% this year, while the government sees economic growth at 3.9%.
GDP picks up in Q2
July 27, 2012
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Ukraine Economic News
October 10, 2016
In September, consumer prices rose 1.8% from the previous month, which contrasted August’s 0.3% decrease.
September 26, 2016
Industrial production returned to growth in August, after contracting in July.
September 21, 2016
Ukraine’s recovery gained steam in the second quarter, as the country heals from a deep recession.
September 16, 2016
In August, consumer prices fell 0.3% over the previous month, which followed July’s 0.1% decrease.
September 15, 2016
Stabilizing inflationary pressures in Ukraine’s tattered economy prompted the National Bank of Ukraine (NBU) to decide to cut the key policy rate from 15.50% to 15.00% at its 15 September monetary policy meeting.