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Ukraine Q3 Growth Slows

Ukraine Q3 Growth SlowsUkraine Q3 Growth Slows

The National Bank of Ukraine estimates GDP growth in the third quarter of 2017 at 2%, according to the NBU’s inflation report for October, Unian.info reported. The NBU said economic growth in Q3 slowed after a 2.3% increase in the second quarter. In 2017, economic growth is projected at 2.2%, in-line with last year’s growth rate, it said. “The upward revision was prompted by stronger performance across most industries, a pick-up in private consumption amid higher real wage growth, and strong corporate investment activity. An output decline in some industrial sectors owing to limited access to the goods produced by companies located in the non-government controlled areas has restrained economic growth this year. Net exports will make a notable negative contribution to the change in real GDP this year given the need to import more energy resources, like coal,” the NBU said. Real GDP growth is projected to accelerate to 3.2% in 2018 and 3.5% in 2019.

 

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