Ukraine's GDP in the second quarter of 2012 against the same quarter of 2011 grew by 3%, compared to 2% in the first quarter of 2012, the State Statistics Service reported.
The service added that compared with the first quarter of 2011,
taking into account seasonal factors, GDP growth in the second quarter
of 2012 was 1.9%.
The State Statistics Service said earlier quoting a preliminary
figure that Ukraine’s real GDP grew by 2.5% in the first half of 2012.
Nominal GDP was Hr 631 billion in the first half of 2012, the service
said.
As reported, the growth in Ukraine’s GDP accelerated to 5.2% in 2011.
The service said that in the fourth quarter of 2011, the pace of
growth, compared to the same period in 2010, slowed to 4.6%, from 6.5%
in the third quarter, while the figures in the second and first quarters
were 3.9% and 5.4% respectively.
Ukraine’s GDP in 2011 amounted to 69.3% of GDP in 1990, compared to
65.8% in 2010 and 63.3% in 2009. But it is still below the
post-independence record of 74.2%, which the country set in the
pre-crisis year of 2008.
The government in the national budget for 2012 foresaw the real GDP
growth at 3.9%.
Experts from international financial organizations and independent
experts are more cautious in forecasting, assessing the possible growth
of the Ukrainian economy this year at 1-3%.
