REUTERS
A decline in Ukraine's gross domestic product (GDP) in the third quarter of 2015 slowed to 7% compared to the same period last year (at constant year-2010 prices), from 14.6% recorded in the previous quarter, the State Statistics Service of Ukraine reported on its website.
According to the estimates, Ukraine's GDP in the third quarter rose by 0.7% from the second quarter of 2015, taking into account the seasonal factor.
As UNIAN reported earlier, the National Bank of Ukraine sees Ukraine's GDP grow by 1% in the third quarter of 2015 compared to the second quarter – the assessment which is in line with that of the World Bank, one of Ukraine's major creditors.
The State Statistics Service reported the GDP decline slowed to 14.6% in annual terms in the second quarter of 2015, against a 17.2% decline in the previous quarter.
The Cabinet of Ministers considers three main scenarios for Ukrainian economic development in 2015, with the country's GDP expected to drop within a range of 5.5%-11.9%.
The National Bank of Ukraine predicts the country's GDP will decrease by 7.5% in 2015.