Ukraine’s real GDP drops 0.7% in 4Q20, UkrStat estimates
16 February 2021
Ukraine’s 4Q20 real GDP fell 0.7% yoy, after dropping 3.5% yoy in 3Q20, according
to the preliminary estimates by the State Statistics Service released Feb. 15.
The seasonally adjusted GDP increased 0.8% qoq in 4Q20 (vs. 8.5% qoq growth in
3Q20).
Evgeniya Akhtyrko: The decline
of Ukraine’s GDP slowed down significantly in 4Q20 amid minimal quarantine
restrictions and increased external demand for Ukraine’s exports. A weak
comparative base of 4Q19 also helped.
With the drop of 0.7% yoy in 4Q20, Ukraine’s GDP is
likely to land with a 4.2% yoy decline in 2020 (vs. 3.3% yoy growth in 2019).
In 2021, we expect Ukraine’s economy will increase 4.1% yoy.
