BUSINESS NEWS

Ukraine surpasses expectations with 3.8% GDP increase in Q2 of 2018

The Business Week/UkraineInvest
Wednesday, 31 October 2018 00:51

Ukraine’s GDP growth rate outpaced forecasts in Q2 2018 to reach 3.8%, according to Ukrainian Prime Minister Volodymyr Groysman. The 3.8% growth rate is significantly higher than the anticipated figure of 3% for the period. This is in line with the trend established in 2017, when Ukrainian GDP surpassed widespread expectations of 2% annual growth and rose by 2.5%.

The International Monetary Fund recently revised its 2018 GDP forecast for Ukraine upwards from 3.2% to 3.5%. Meanwhile, the National Bank of Ukraine last week confirmed that it expects the country to post GDP growth of 3.4% this year. 

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