Ukraine Q1 GDP decreased 1.3% compared to Q1 last yearChristian Fernsby ▼ | June 22, 2020
Ukraine's GDP in the first quarter of 2020 decreased by 1.3% compared to the corresponding period last year.
GDP Ukraine street
Topics: Ukraine GDP
GDP data for the first quarter of 2020 are preliminary, the State Statistics Service of Ukraine said. Revised GDP data for the first quarter of 2020 will be published in March 2021, and the final data - in March 2022.
As reported, according to the estimates of the Ministry of Economic Development, Trade and Agriculture of Ukraine published in early May, the reduction in GDP in January-March 2020 was 1.2%.
In June, the International Monetary Fund downgraded the April forecast of Ukraine's GDP decline in 2020 from -7.7% to -8.2%. ■