Working day after day with Ukrainian macroeconomic statistics, analysts observe constant reviews of historical data (sometimes quite significant) or unexpectedly large jumps/falls that are difficult to explain (one of recent examples is surprisingly sharp GDP growth improvement in Q4 2016 – from +2.3 percent yoy in Q3 to +4.8 percent yoy in Q4). Thus, it is not surprising that experts often have a distrust of statistics. However, there are no other options but to use what we have.
VoxUkraine: Ukraine’s GDP – test for manipulation
People enjoy the view over the city on a warm spring day in Kyiv on March 21.
