Ukrainian GDP slides 1.1% in Q2
KYIV. July 31 (Interfax) - Ukraine's GDP fell by 1.1% year-on-year in the second quarter of 2013, the same as in Q1 2013, the State Statistics Service reported on Tuesday evening.
Compared to Q1 2013, seasonally adjusted GDP edged down 0.4% in Q2 2013.
No further information, including about nominal GDP, was published.
According to the State Statistics Service, in 2012 the Ukrainian economy slowed its growth to 0.2% from 5.2% a year ago. While in the first and second quarters of last year GDP grew by 2.2% and 3% respectively, in the third and fourth quarters the decline was 1.3% and 2.5% respectively.
In Q1 2013, Ukraine's GDP fell 1.1% year-on-year, while the 2013 national budget is based on a forecast of GDP growth at 3.4%.
In mid-April, the International Monetary Fund (IMF) downgraded its forecast for this year's Ukrainian GDP dynamics to zero from 3.5% in October 2012. The European Bank for Reconstruction and Development (EBRD) expects Ukraine's economy to shrink by 0.5% this year.
