Ukraine real GDP growth slows to 1.5% in 4Q19

Ukraine’s 4Q19 real GDP grew 1.5% yoy, or 0.1% qoq
seasonally adjusted, slowing from 4.1% yoy (0.6% qoq) in 3Q19, according to preliminary
estimates by the State Statistics Service released on Feb. 14.

Evgeniya Akhtyrko: The
fourth-quarter cooling of economic growth was due to the drop in industrial output and weak
result of the agricultural sector, which was partially due to the shift in
seasonality. Given this estimate, 2019 GDP growth is likely to land at 3.2% yoy
(vs. 3.3% yoy in 2018)

We expect Ukraine’s economy to grow to 3.3% yoy this
year.