Ukraine’s GDP showed growth in the first quarter of 2016.
Real gross domestic product of Ukraine in the first quarter of 2016 increased by 0.1% over the same quarter of the previous year.
Real gross domestic product of Ukraine in the first quarter of 2016 increased by 0.1% compared to the first quarter of 2015, while the previous year the drop was 17%, the State Statistics Service.
According to her, in relation to the previous quarter Ukraine’s GDP fell by 0.7% in the first quarter of 2016, whereas in the fourth and third quarters of 2015, this indicator has been positive.
As reported, Ukraine’s GDP fell by 9.9% in the past year, although the rate of decline “quarter compared to the same quarter of the previous year,” steadily declined: in the first quarter – 17%, in the second – 14.7%, in the third – 7.2 % in the fourth – 1.4%.
Also deflator declined: from 42.8% in the first quarter to 39.6% in the second, 37.9% – in the third and 32.7% – in the fourth, which brought on the figure for the whole year at 38.4%.
In nominal terms, Ukraine’s GDP grew last year and amounted to 1 trillion 979.5 billion USD, which is 26.3% more than in 2014.
The National Bank and the Ministry of Economic Development has worsened the forecast of GDP in 2016 from 2% to 1% in its first month. However, last week, First Deputy Prime Minister – Minister of Economic Development and Trade of Stepan Stepan Kubiv again predicted economic growth of Ukraine in 2016 at a level of 2%.
The European Bank for Reconstruction and Development (EBRD) has also confirmed the assessment of the growth in 2016 to 2%, waiting for the same dynamics in 2017.
The International Monetary Fund in April, kept the growth forecast of Ukraine’s economy in 2016 at 1.5%, waiting for him to accelerate to 2.5% in 2017.
