Ukraine´s Economy Stagnates

BusinessEconomy ♦ Published: February 20, 2013; 16:34 ♦ (Vindobona)

According to the preliminary estimate by the State Statistics Committee, Ukraine’s GDP grew 0.2% yoy in 2012, thus decelerating from 5.2% yoy in 2011.

Ukraine´s Economy Stagnates / Picture: ©

The economic downturn took off in Q3 2012 with GDP decline of 1.3% yoy (after 2% and 3% yoy increases in Q1 and Q2 respectively) and deepened further in the last quarter of the year as GDP slumped by 2.7% yoy.

At the same time, qoq seasonally adjusted dynamics has slightly improved – 0.9% decline in Q4 after 1.2% drop in Q3. Nominal GDP for 2012…