Ukrainian GDP increased by 3.6% in the II quarter of 2018

Source : 112 Ukraine

Compared to the previous quarter, GDP increased by 0.9%
23:24, 14 August 2018

In April-June 2018, the real gross domestic product (GDP) of Ukraine, according to preliminary data, increased by 3.6% compared to the same period in 2017. This was reported by the State Statistics Service.

"Real GDP in the II quarter of 2018 compared with the previous quarter (seasonally adjusted) increased by 0.9%, and in comparison with the second quarter of 2017 - by 3.6%," the report said.

It is noted that the data is provided without taking into account the temporarily occupied territory of Crimea and Sevastopol.

Earlier it was reported that in the first quarter of this year, the gross domestic product (GDP) in Ukraine increased by 0.9%.

Earlier international rating agency S&P Global Ratings has improved this year's forecast of Ukraine's GDP growth rate - to 3.1 percent; at the same time, the growth rate in 2019-2022 is expected to slow down to 2.9. This is mentioned in the agency's report released on April 20, as quoted by Interfax-Ukraine news agency.

S&P experts also expect a decrease in the inflation rate from 8 to 7.5 percent in 2019, and from 7.5 to 7 percent in 2020. 

The agency also published the forecast for the exchange rate of Ukraine's national currency, hryvnya. By late 2018, the rate is expected to grow from 27.3 to 29.5 per 1 U.S. dollar. In 2019, it is supposed to drop to UAH 30.5 per one dollar; in 2020-2021, it could start growing up slowly - up to 28.8.  

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