Ukraine’s GDP decreased by 2.1 percent in January 2016
19:53, 4 March 2016

Ukraine’s GDP decreased by 2.1 percent in January 2016

Ministry of Trade and Economic Development released the report on its website

19:53, 4 March 2016


In January 2016, the overall index of production of goods and services lowered by 2.8 percent compared with January 2015, and the country’s GDP decreased by 2.1.

“The New Year once again proves that Ukraine’s economy holds firmly. Another phase of Russia’s economic aggression contributed to external stress factors. Trade and traffic restrictions by Russia that took place in January had strong impact on the production industry in Ukraine. After two subsequent quarters of the GDP growth, in early 2016, the GDP index started to deteriorate again”, reads the report.

The Ministry added that the only compensator of negative processes is saving of macroeconomic stability, which created an impetus for development of domestic market and kept positive expectations of investors and business partners.  

Related: Russia expects from Ukraine adequate suggestions on debt reconstruction, - Russian Finance Minister

Related: Ukraine topped by Economic Growth Index in 4th quarter of 2015

Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it