Ukraine: Economy decelerates in fourth quarter
February 15, 2011
In the fourth quarter, GDP increased 3.0% over the same quarter last year, according to a preliminary estimate released by the National Statistics Institute on 15 February. The figure came in below both the previous quarter's 3.4% expansion and market analysts' expectations, which had the economy growing 4.1%. However, a quarter-on-quarter comparison does not point towards a decline. In fact, the economy grew 1.0% over the previous quarter in seasonally adjusted terms (Q3: +0.1% quarter-on-quarter). Based on the preliminary data, the economy expanded 4.2% in 2010, following on a severe 14.8% contraction in 2009.