GDP growth assessment has been revised downwards / Photo from UNIAN
Compared with the previous quarter, economic growth also deteriorated to 0.6%.
The State Statistics Service of Ukraine has lowered the estimate of real GDP growth in the third quarter of 2019 to 4.1% in annual terms from 4.2% announced earlier.
The estimate of growth compared with the previous quarter, taking into account the seasonal factor, has also deteriorated to 0.6% from 0.7%, according to report.
The agency says nominal GDP in the third quarter amounted to UAH 1.106 trillion, while GDP per capita stood at UAH 26,286.
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UNIAN memo. Economic growth in the second quarter of 2019 in annual terms accelerated to 4.6%.
In 2018, real GDP growth in Ukraine accelerated to 3.3% from 2.5% in 2017 and became the highest over the past seven years.
The International Monetary Fund predicts Ukraine GDP to grow 3% this year, while the World Bank suggests it will rise by 2.7%, and the European Bank for Reconstruction and Development – by 3.3%.
The National Bank's forecast says Ukrainian economy in 2019 will grow by 3.5%.
The state budget of Ukraine for 2019 is based on the government's macroeconomic forecast with real GDP growth laid at 3%.