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Ukraine Economy Grows 4.7%

Ukraine Economy Grows 4.7%Ukraine Economy Grows 4.7%

Ukraine said late Tuesday its economy expanded at a surprisingly fast pace of nearly 5% in the fourth quarter as it continued its steady climb out of a two-year recession, AFP reported. The State Statistics Service said gross domestic product growth reached 4.7% between October and December 2016 compared to the same period a year earlier. But analysts said they were taken aback by such a large jump in the war-scarred former Soviet republic. “I was surprised,” Olena Bilan of the Dragon Capital investment company in Kiev told AFP. “My estimate was 3.3%.”

 

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