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Ukraine's economic decline accelerated in first quarter, NBU reports
Journal Staff Report

KIEV, April 3 – Ukraine's economic decline accelerated slightly in Q1, going from 14.8% in Q4 2014 to 15% during the three months which ended March 31, the National Bank of Ukraine reported Thursday.

At the same time, the NBU predicted that Ukraine's economic slide will slow down during the next two quarters and GDP will actually grow in Q4.

According to the report, in Q2 the GDP fall will slow to 10.2%, in Q3 2 – to 5.7%, in Q4 2015 GDP will rise by 2%, and by the end of 2015 GDP will have fallen overall by 7.5%.




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