GDP grows 6.2% yoy in 4M08

Real GDP growth in Ukraine was 6.2% yoy in 4M08, the State Statistics Committee said yesterday. In March, GDP climbed 6.7% yoy, driven by trade (+15.3% yoy), manufacturing (+9.4% yoy) and transportation (+8.2% yoy). Andrii Parkhomenko: Accelerating GDP growth (6.8% yoy in April vs. 4.9% yoy in January) discards the widespread belief that the current level of inflation (CPI hit 30.2% yoy in April) is likely to cause an economic slowdown. Data on industrial output also supports this view; in April it surged 8.3% yoy, whereas in January it grew only 5.7%.