Archive © ITAR-TASS/Anton Tushin
Ukraine’s GDP Fall Quickens By 4.7% -- ITAR-TASS
The International Monetary Fund (IMF) has made a worse Ukrainian GDP falling forecast from five to 6.5% in 2014
IEV, July 30. /ITAR-TASS/. Ukraine’s GDP in the second quarter of 2014 has plummeted 4.7% compared the same period in 2013, Ukrainian State Statistics Service said on Wednesday.
The second quarter’s GDP rate went down 2.3% compared with the first quarter with due account of seasonal factor.
The GDP decline has amounted to 1.1% in the first quarter of this year, the republican service said. The country’s GDP slump has deepened by three percent in the first half of 2014, according to preliminary estimates of the Ministry of Economic Development.
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More News On Ukraine's Economy
Ukraine economy shrinks faster as conflict takes its toll -- Reuters
Ukraine’s economy contracts 4 times faster in Q2 losing 4.7% -- RT
Ukraine economy falls further into recession -- The Australian
Ukraine GDP Plunges Most Since 2009 on Fighting, Harvest -- Bloomberg
My Comment: All my friends and family in Ukraine are telling me the same thing .... they are telling their kids to leave the country for a better future. And here am I .... living in Canada .... who dreams of one day moving back.