Ukraine's GDP reaches five-year high in Q4Staff Writer | February 9, 2017
The Ukrainian economy in the fourth quarter of 2016 has shown the best performance in the past five years.
Ukraine The preliminary estimates
In October-December of 2016, Ukraine's gross domestic product (GDP) grew by at least 4.5 percent year-on-year, marking the fastest pace of growth since the fourth quarter of 2011, Igor Verner, head of the statistical agency, told a cabinet meeting.
Noting that all the key sectors of the economy showed a solid performance, Verner voiced the hope that the GDP growth will be further strengthened this year.
The Ukrainian economy has returned to growth in the first quarter of 2016 after a two-year recession, with the GDP expanding by 0.1 percent year-on-year. The growth accelerated to 1.4 percent in April-June and 2 percent in July-September.
In the fourth quarter of 2011, the Ukrainian economy grew by 5.1 percent. ■