Ukraine`s gross domestic product in the second quarter of 2016, when seasonally adjusted increased by 0.6%, as compared to the previous quarter, after a 0.7% decline, according to the State Statistics Service of Ukraine.
In annual terms, the growth of Ukraine`s GDP in the second quarter of 2016 accelerated to 1.3% year-over-year, after an increase of 0.1% in the previous quarter.
Earlier, on July 28, the National Bank of Ukraine reported the improvement in the dynamics of the country`s GDP in 2Q 2016, projecting its growth at 1% to 2%.
As UNIAN reported earlier, the GDP of Ukraine in 1Q 2016, seasonally adjusted, declined by 0.7% compared with the previous quarter, and grew by 0.1% compared to 1Q 2015.
The key creditor of Ukraine, the International Monetary Fund, forecasts GDP growth in Ukraine in 2016 by 1.5%, with inflation at 15.1%, the World Bank expects GDP growth by 1% with an inflation rate of 15%.
According to an expert consensus forecast compiled by UNIAN, Ukraine`s gross domestic product by the end of 2016 could reach 1% with inflation of 19%.