Ukraine GDP rises 2.1% in 3Q17

2017/11/15 13:59:14

Analyst: “…we still expect 1.9% yoy GDP growth by the year end. For 2018, we anticipate economic growth accelerating to 3.5% yoy growth.”


 

 

 

 

 

 

 

 

 

 

 

KYIV, Nov 15, 2017 - Ukraine’s real GDP rose 2.1% yoy in 3Q17, Concorde Capital informed clients today based on a State Statistics Service report on Nov 14. Real GDP grew 2.5% yoy in 1Q17 and 2.3% yoy in 2Q17. The World Bank and the IMF project 2.0% GDP growth in 2017. Ukraine's Cabinet anticipates 1.8% GDP growth by the year end.

 

Concorde analyst Alexander Paraschiy added: “Ukraine's GDP growth in 3Q17 was stronger than expected, with its sources likely unchanged from 1H17: investments in fixed assets and private consumption. On the supply side, services are likely underpinning the growth amid a steady decline in industry (-0.6% yoy in 3Q17) and poor agri-production performance (-0.2% yoy). The pattern with consumption and investments will be similar in 4Q17 with the only difference being an expected drop in the grain harvest this year that will serve as a drag on GDP. Against this backdrop, we still expect 1.9% yoy GDP growth by the year end. For 2018, we anticipate economic growth accelerating to 3.5% yoy growth.”

 

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For more information, link here: www.concorde.ua 

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