Off the wire
• British FTSE 100 rises 0.21 pct on Monday  • Serbia, World Bank agree on 75-mln-USD result-based loan  • Int'l community ready to answer Libya's requests for support in fighting IS  • Roundup:Britain re-forms legendary RAF squadron Dambusters  • Chinese, U.S. top diplomats exchange views on hot issues via phone  • Cereal output in southern Africa down 21 pct last year  • LME base metals increase on Monday  • Nigerian gov't appeals to labor unions to shelve planned strike  • Brisk polling recorded during local elections in 3 Indian states  • U.S. stocks tick up on rising oil  
You are here: 　 Home

Ukraine's GDP posts slight growth in Q1

Xinhua, May 17, 2016 Adjust font size:

The Ukrainian gross domestic product (GDP) expanded by 0.1 percent year on year in the first quarter of 2016, the country's State Statistics Service said on Monday.

The figure marked the first quarterly growth of the economy on an annual basis since the fourth quarter of 2013, when the GDP expanded by 3.7 percent.

Earlier this month, Ukraine's National Bank projected a growth to the country's economy in January-March of 2016 given the gradual recovery of domestic economic activity, rise in prices for Ukraine's main exports commodities in the global market and low comparative base.

The economy's plunge in the first quarter of last year was 17 percent.

In October-December of 2015, the country's GDP fell 1.4 percent on an annual basis after contracting 7.2 percent and 14.7 percent respectively in the third and the second quarters.

The Ukrainian government forecasted that the country's GDP would rise 1 percent this year after bogging down 9.9 percent in 2015. Endit