Ukraine’s gross domestic product (GDP) decreased by 5.9% YoY in January-May, according to the latest Economic Activity Report released by the Ministry for Development of Economy, Trade and Agriculture.
In particular, the reduction of ISP (consolidated index of goods and services production by main economic activities) totaled 7.3% (a 6.7% decline in January-April) and respectively the Economy Ministry estimates the decrease in GDP at 5.9% (the fall in GDP was 1.3%% in Q1, according to the updated data of the State Statistics Service), which currently corresponded with the previously published projections of the Economy Ministry (-1.2%),” reads the report.
According to the NBU, the index of business activity expectations grew to 37 points in May from 29.9 points in April, although a value of less than 50 points indicates a rather pessimistic business mood. (Ukrinform/Business World Magazine)
YOUR ADV. here FREE