For the previous year Ukraine’s GDP contracted by 10%, Correspondent.net reports.
The Ministry of Economy assessed the decline of the gross domestic product (GPD) in 2015 by 10% versus 2014, the first deputy Minister Yulia Kovaliv wrote in Facebook.
“In general, as per estimates of the Ministry of Economic Development, as per the results of 2015 the GPD decline slowed to 10%, while at the beginning of the year we had a decline by 17.2% (first quarter)”, she wrote.
The previous day the state service of statistics reported that Ukraine’s GDP in the 4th quarter 2015 contracted by 1.2% versus the same period of 2014, while in the third quarter the decline was 7%, in the second – 14.6%, and in the first – 17.2%.
It should be reminded that the National Bank worsened the forecast of GDP growth twice for 2016 to 1.1% from 2.4%.
