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Poroshenko expects GDP growth to 4% in 2018

Source : 112 Ukraine

President said that the gross domestic product is growing for 11 consecutive quarters
21:31, 29 September 2018

Twitter Petro Poroshenko

President of Ukraine Petro Poroshenko expects growth of gross domestic product in 2018 to 4%. This Poroshenko said at the international economic forum in Kharkiv, which was broadcasted by 112 Ukraine TV channel.

"This year it is expected to be more than 3% growth. And the second quarter indicator - and I am pleased to say so - exceeded the optimistic forecasts and amounted to 3.8%, and we are definitely going to the figure of 4% of GDP growth", said Poroshenko.

At the same time, the president stressed that this is not enough "for the realization of those ambitious goals that we set for ourselves".

The President said that Ukrainian GDP has increased for 11 consecutive quarters.

"For 11 consecutive quarters in Ukraine, the gross domestic product is growing, and if we talk about the stabilization period, it is 14 quarters," Poroshenko said.

As reported, in 2019 the Cabinet expects GDP growth of 3%.

Earlier the defense of Ukrainian President Petro Poroshenko asks the court to oblige BBC to refute and delete the article about payment for the meeting of Poroshenko with American President Donald Trump and to compensate for his losses. Graham Atkins, head of law company Atkins Thomson who represents the President’s case in court claimed this to Ukrainian News. 

‘The President pursuits unfounded accusations, the removal of the article and compensation for damages to his reputation. In addition, ensuring non-reprinting of made defamatory statements,’ Atkins claimed. 

He noted that the court hearing for the consideration of the case hasn’t been scheduled yet but the issue between the sides can be resolved as the case progresses. 

Earlier, BBC reported with a reference to its own sources that personal lawyer of Donald Trump Michael Cohen received a secret payment of $400 or $600 thousand for the organization of the first meeting of Petro Poroshenko with Donald Trump in June 2017.  

Yet BBC claimed that they reached to Michael Cohen, and also two Ukrainian officials who have allegedly organized the payment. The three rejected the information. 

The Administration of the Ukrainian President demanded BBC to refute the published information. 

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