Ukraine real GDP slows to 4.2% yoy growth in 3Q19
15 November 2019
Ukraine’s 3Q19 real GDP grew 4.2% yoy, or 0.7% qoq
seasonally adjusted, slowing from 4.6% yoy (1.6% qoq) growth in 2Q19, according
to preliminary estimates by the State Statistics Service released on Nov. 14.
Evgeniya Akhtyrko: We expected
Ukraine’s economic growth to have slowed even more in 3Q19 given the very weak performance of industry.
So, the preliminary indicator of 4.2% yoy growth came as a big surprise. As in
2Q19, the growth was apparently driven by the agricultural sector, which
produced a record-high crop for a second year in a row.
Solid performances in trade and construction also contributed.
This stronger-than-expected economic performance makes
our projection of 2019 GDP growth of 3.1% yoy too pessimistic. In 2019, we are
likely to see stronger GDP growth than in 2018, when the economy grew 3.3% yoy.
