Ukraine: Economy grows at fastest pace since Q4 2011 in Q4
February 28, 2017
Ukraine’s crisis-hit economy surged in the fourth quarter of 2016 as the country recovers from its deep recession. According to a preliminary estimate released by State Statistics Service Ukraine, GDP increased 4.7% over the same period last year, which was an improvement over the 2.1% growth recorded in Q3. The result, which marked the fastest pace of growth since Q4 2011, overshot market expectations.
On a seasonally-adjusted quarterly basis, the economy expanded 1.9%, above Q3’s 0.5% increase.