Growth of Ukraine's economy accelerates to 4.6%

The country's nominal GDP in the second quarter is not provided.

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The growth of Ukraine's real GDP in the second quarter of 2019 (Q2) year-over-year, accelerated to 4.6%, against 2.5% in the first quarter of 2019 (Q1).

If the seasonal factor is taken into account, real GDP in Q2 was 1.6% up on Q1, the State Statistics Service of Ukraine said on its website.

Read alsoNBU revises GDP growth forecast upwards

The country's nominal GDP in the second quarter is not provided.

The growth of Ukraine's real GDP in the second quarter of 2019 turned out to be much better than the  3% growth estimates for Q2 previously published by the National Bank on the of Ukraine.

UNIAN memo. The growth of Ukraine's real GDP in 2018 accelerated to 3.3% from 2.5% in 2017 and became the highest in the past seven years.

Ukraine's national budget for 2019 is based on real GDP growth by 3%. In July, the National Bank revised upwards its forecast for the growth of real GDP in 2019 to 3% from the previously projected 2.5%.

The International Monetary Fund and the World Bank forecast economic growth in Ukraine this year at 2.7%. According to the consensus forecast of experts interviewed by UNIAN, the growth of the Ukrainian economy is expected to slow down to 2.8% in 2019.

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