The general picture for Ukraine’s economy is both good and not so good. The economy is now in the black, and GDP grew a much better than expected 2.5% y/y in Q1 2017. Still, growth was driven by a temporary improvement in the balance of trade — a trend that shifted during April. We now expect GDP growth to slow over the year, and project 1.8% y/y growth for 2017, down from 2.3% y/y in 2016. More about economic perspectives, please, read at our last quarterly report “Good but Sad”.
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