Ukraine GDP Q4 2016


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.

Against this backdrop, FocusEconomics panelists expect GDP to expand 2.4% in 2017, which is unchanged from last month’s forecast. For 2018, panelists expect the economy to accelerate to a 3.1% expansion.

Author: Angela Bouzanis, Lead Economist

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