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Gloomy Prospects for Ukraine

Published: November 19, 2012; 16:07 · (Vindobona)

Economic slowdown is gaining momentum: GDP slumped by 1.3% yoy in the 3rd quarter, while industrial output contracted for 5th month in a row in October (by 4.2% yoy), Austrian RZB states.

Gloomy Prospects for Ukraine / Picture: © Flickr

According to preliminary data of the State Statistics Committee, GDP in the third quarter decreased by 1.3% compared to the same period last year. Thus, the growth rate of GDP was in negative territory for the first time since the fourth quarter of 2009. To the previous, second quarter, GDP declined by 1.2% (seasonally adjusted). According to our…

This article includes a total of 1168 words.

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