Ukraine saw a 2% rise in GDP in the third quarter of 2016 year-over-year, according to an updated report provided by the State Statistics Service.
”Nominal GDP in the third quarter of 2016 was estimated at UAH 664.7 billion. Real GDP was 100.5% compared to the previous quarter and 102% compared to the third quarter of 2015,” the State Statistics Service said.
The report does not include information from the occupied areas in Crimea and Donbas.
As UNIAN reported earlier, the government estimates that economic growth in 2016 will be about 1%. The International Monetary Fund, Ukraine`s key lender, projects GDP growth in Ukraine in 2016 at 1.5% amid 15.1% inflation. The World Bank forecasts Ukraine will see its GDP grow by 1% amid 15% inflation.
Experts polled by UNIAN predict gross GDP growth in 2016 at 1% amid 19% inflation.