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Ukraine’s GDP 0.5% down in January

Published March 6, 2020 at 4:40 pm

The photo, released on Nov. 26, 2019, by the press office of the National Bank of Ukraine, shows new hryvnia banknotes. The hryvnia has been gaining in value throughout the fall season, defying earlier predictions by exporters and economists.

Photo by Photo by Yelyzaveta Serhiienko/ Press office NBU

Ukraine’s GDP in January 2020 decreased 0.5%, the Ministry of Economic Development, Trade and Agriculture has said based on information from the State Statistics Service.

“In January 2020, the decrease in the Composite Production Index was 2.6% and, accordingly, the decline in GDP was estimated at 0.5%,” the ministry said in a review of economic activity for January, released on March 6.