Ukraine’s real gross domestic product (GDP) in the second quarter of 2016 increased by 1.3% YoY, whereas in the first quarter of this year the figure was a mere 0.1%, the State Statistics Service has said.
According to live data, Ukraine’s GDP in the second quarter of 2016, taking into account the seasonal factor, rose by 0.6% YoY, while the decline of 0.7% was recorded in the first quarter.
As reported, Ukraine’s GDP last year fell by 9.9%, although the rate of decline year-on-year was steadily falling: in the first quarter the figure stood at 17%, in the second quarter at 14.7%, in the third quarter at 7.2%, and in the fourth quarter at 1.4%.
The deflator was also declining: from 42.8% in the first quarter to 39.6% in the second quarter, 37.9% in the third quarter and 32.7% in the fourth quarter, which brought the figure for the whole year to 38.4%, and in the first quarter of 2016 it dropped to 20.5%.
The National Bank and the Ministry of Economic Development and Trade downgraded their forecast for GDP in 2016 from 2% to 1-1.1%. (Interfax/Business World Magazine)
