The economy is performing far better than expected. Derzhstat, the statistics agency, reported a 2.4% y/y GDP increase in Q2, twice faster than we initially projected. Booming local investment — +22.5% y/y for H1 — and recovering consumption are the drivers. Remarkably, this result was achieved despite a slight drop in industrial output, and a break in relations with occupied Donbas. More about recent tendencies you can read in our new report “Embarking on a New Growth Cycle”.
The full report could be obtained through subscription at Global Source.
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