In Q2 2017, Ukraine’s GDP growth rate reached +0.6 per cent, compared to -0.3 per cent in Q1.
According to Vasily Astrov, a senior economist at the Vienna Institute for International Economic Studies (wiiw), there are several reasons for this growth.
“The very high statistical base in Q4 2016 (because of a record harvest), and the negative shock from the enacted trade ban with the separatist-; steel production and exports were the main casualties of the trade ban, since they depend, to a large extent, on the input of coal from Donbass. Generally, growth continues to be driven by domestic demand – …read more
Source: Emerging Europe