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Kyiv economic pundits caught with their pessimism showing:

Monday, November 18, 2019
Kyiv economic pundits caught with their pessimism showing:

Kyiv economic pundits caught with their pessimism showing: After the 4.6% GDP growth in Q2, the Kyiv consensus, as measured by Bloomberg, predicted Q3 growth of 3.7%. It came on Thursday at 4.2%. “It is a positive surprise,”Olena Bilan, Dragon Capital’s chief economist told Bloomberg Friday. Concorde Capital’s Evgeniya Akhtyrko wrote: “The preliminary indicator of 4.2% yoy growth came as a big surprise.” Bank of America Merrill has upgraded its 2019 GDP growth forecast for Ukraine to 3.8%.

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Gazprom has formally proposed to Naftogaz to either extend a current 10-year deal supplying gas to Ukraine for its own use and for transit to Europe or to sign a new one-year agreement.

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