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Ukraine: Real Economic Sector Disappointing
The State Statistics Committee confirmed its preliminary estimate of -1.3% yoy GDP growth rate in Q3 2012 (GDP grew 2% and 3% yoy in Q1 and Q2 respectively).
Ukraine: Real Economic Sector Disappointing / Picture: © Vindobona.org
On the expenditure side, the sharp decline in gross capital formation (-14.8% yoy) due to the much smaller (than last year) inventory restocking was the main reason for unfavorable growth dynamics. Also, the net export contribution remained highly negative amid weak external demand, combined with the strong import growth. At the same time, domestic private consumption…
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