Ukraine real GDP slows to 2.2% yoy growth in 1Q19

Ukraine’s 1Q19 real GDP grew 2.2% yoy, or 0.2% qoq
seasonally adjusted, slowing from 3.5% yoy (1.1% qoq) growth in 4Q18, according
to preliminary estimates by the State Statistics Service released on May 15.

Evgeniya Akhtyrko: The slower
GDP growth in 1Q19 is due to the weak performance of industry. We expect
Ukraine’s GDP to increase 2.4% yoy in 2019 (vs. 3.3% yoy in 2018). The slower
economic growth will be mostly due to a weaker year-end result in agriculture.