Off the wire
• 4 killed in separate attacks in Burundi's capital  • UN chief calls for more tolerance in the world  • Spanish stock market inches up 0.13 pct, closes at 10,124 points  • Brother of Paris attacks suspect speak to press after his release without charge  • Meteorological experts expect El Nino to strengthen further  • Feature: Italy ascertains one victim killed in Paris attacks, witnesses return home  • African health experts pledge action on non-communicable diseases  • Feature: Macedonia launches first electrical train purchased from China  • British FTSE 100 increases but travel, leisure shares fall  • 3rd LD: G20 leaders pledge further actions to boost economic recovery  
You are here: 　 Home

Ukraine's economy returns to growth in Q3

Xinhua, November 17, 2015 Adjust font size:

Ukraine's economy returned to growth in the third quarter of 2015 following six consecutive quarters of decline, official figures showed Monday.

The State Statistics Service said in a report that the Ukrainian gross domestic product (GDP) expanded by 0.7 percent on a quarterly basis in July-September after shrinking by 0.9 percent in April-June.

As compared with the same period a year earlier, the economy has contracted by 7 percent in the third quarter of 2015, the report said, without revealing details on the amount of the nominal GDP.

Ukraine's economy, which has sunk into recession at the beginning of 2014, demonstrated a weak performance in the first half of 2015, bogging down 16.3 percent year on year.

The government forecast that the economy will bottom out in 2015 with a contraction of 8.9 percent, before rebounding in 2016. Endit