KIEV, Oct. 7 - Ukraine economic performance through August indicates the formation of the initial signs of recovery, said Valeriy Lytvytsky, the head of the group of advisors to the National Bank governor.

"We need to be careful about these indicators, as each phase of remission might turn into a relapse," he said.

According to Lytvytsky, in the first two months of the third quarter the engine of the economic decline, fortunately, did not accelerate.