Ukraine’s economy grew by 3.6% in the second quarter, beating forecasts as the recovery gathers steam
Wednesday, August 15, 2018

Ukraine’s economy grew by 3.6% in the second quarter, beating forecasts as the recovery gathers steam

Ukraine’s economy grew by 3.6% in the second quarter, beating forecasts as the recovery gathers steam, the State Statistics Service reports. “The economy of Ukraine has been growing for 10 consecutive quarters,” the Statistics Service says in a release. “Growth of commodity exports has become one of the factors of growth. For the first half of the year, the growth of this indicator was 12.7% compared to the same indicator of the last year.” Fueling growth, workers outside Ukraine sent $4.5 billion home, outflows of workers spurred salary hikes at home, and the government ramped up spending in advance of the March presidential elections.

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