Ukraine’s economy grew by 4.2% this summer y-o-y, indicating that the spring growth rate of 4.6% was not a fluke.

Friday, November 15, 2019
Ukraine’s economy grew by 4.2% this summer y-o-y, indicating that the spring growth rate of 4.6% was not a fluke.

Ukraine’s economy grew by 4.2% this summer y-o-y, indicating that the spring growth rate of 4.6% was not a fluke. The first-quarter GDP growth was 2.5%, according to the State Statistics Service. The National Bank of Ukraine and the Economic Development Ministry recently upgraded their 2019 GDP forecasts to 3.5%. This would be triple the 1.1% forecast EU growth rate for 2019.

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Tying the arrests of former central bank officials to pressure by owners of bankrupt private banks, Timothy Ash writes:

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Oleksandr Hrytsenko, chairman of Ukreximbank, was grabbed off a Kyiv sidewalk Saturday morning and bundled into a black van in what his wife thought was a kidnapping.

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