Ukraine's gross domestic product (GDP) in the second quarter of 2009 in prices pegged at 2007 levels fell by 17.8% compared to the second quarter of 2008, the State Statistics Committee has reported.
The deflator index was 7.8%.
In mid August the committee, according to tentative data, estimated
that Ukraine’s economy shrank by 18% in the second quarter compared to
the same period last year.
As reported, Ukraine’s GDP in the first quarter of 2009 fell by 20.3% year-on-year.
In nominal terms, GDP in the second quarter totaled UAH 207.096
billion (UAH 8.01 /$1 on September 30) compared with UAH 183.217
billion in the first quarter.
The Ukrainian Economics Ministry forecasts GDP to decline 10%-12%
for the full year. The government has still not revised its official
forecast for GDP to rise 0.4%, with inflation at 9.5%. The IMF
forecasts Ukrainian GDP to fall 14% in 2009.
Ukraine had 2.1% GDP growth in 2008, down from 7.9% in 2007. GDP
declined 8% in the fourth quarter of 2008, compared with growth of
6.2%-6.4% in the first three quarters.
