In Digest, Ukraine, May 15, 2015 (Google Translate)

The fall in gross domestic product of Ukraine in the first quarter of 2015 compared to the first quarter last year was 17.6%. This is stated in a release by Ukraine’s State Statistics Service.

According to the service, in comparison with the fourth quarter of 2014, seasonally adjusted, the decline in gross domestic product was 6.5%.

As reported earlier, the European Bank for Reconstruction and rozvytkupohirshyv forecast to reduce GDP Ukraine by 5% to 7.5% in 2015.

Recall, the National Bank forecasts GDP decline in Q1 to 15% in Q2 to 10.2% in Q3 to 5.7% and an increase of 2% in Q4.

The state budget for 2015 is calculated based on the optimistic scenario by the Cabinet of Ministers, which projects a decline in GDP of 5.5% and inflation of 26.7%.


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