Ukraine's economy grew by 1.2%

Ukraine’s economy grew by 1.2%

Ukraine’s GDP grew by 1.2% over 10 months in 2016. With this in mind, the Ministry of Economic Development and Trade leaves GDP growth forecast at 1%.
The main factors of the positive dynamics of the GDP in January-October of 2016 began to increase in the world prices for the products of Ukrainian exports, improvement of financial results of enterprises, an increase in domestic demand, the increase in the index of business expectations.
According to the ministry, the risks for the Ukrainian economy before the end of the year may be factors such as the drop in prices for raw materials due to a possible slowdown in the Chinese economy, the expansion of trade restrictions imposed by the Russian Federation, as well as strengthening the devaluation processes, and accelerating inflation.