Ukraine Remains in a Recession for a Year

Politics ♦ Published: August 20, 2013; 15:01 ♦ (Vindobona)

In the second quarter of 2013 GDP contracted by 1.1 percent on a year-on-year comparison basis.

Ukraine Remains in a Recession for a Year / Picture: © Vindobona.org

Highlights:

  • The Ukrainian economy remains in the recession for a year now – GDP contracted by 1.1% yoy in Q22013.
  • Budget revenue performance in H12013 has been dampened by the looming recession and introduction of import restrictions, while the improvement in Naftogas and Pension Fund finances has lowered the pressure on the fiscal accounts.
  • The balance…

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