Ukraine's GDP falls 17.8% yoy in 2Q09
1 October 2009
The State Statistics Committee said yesterday Ukraine’s GDP declined 17.8% yoy in 2Q09, slightly less steep than its preliminary figure of 18.0% announced in August. GDP was down 20.3% yoy in 1Q09. Mykyta Mykhaylychenko: The decline in GDP in 2Q09 came mainly from very low investments (-57.8% yoy in 2Q09) and weak household consumption (-11.6% yoy) while negative net exports shrank. Low domestic investment demand will slow the economic recovery in the future.
