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Central bank estimates Ukraine's GDP growth at 2.1 pct in 2017

Source: Xinhua    2018-02-02 22:25:59

KIEV, Feb. 2 (Xinhua) -- Ukraine's gross domestic product (GDP) grew 2.1 percent in 2017 on the back of increased consumption of goods and services in the local market, the National Bank of Ukraine (NBU) said Friday in an estimate.

"Domestic demand continued to be the main driver of the real GDP growth," the NBU said in a report, noting that the demand was spurred by increased wages.

Other major factors contributing to the GDP increase were growing investment, improved business expectations and solid corporate earnings.

The final figures for last year's economic performance will be delivered later by the State Statistics Service.

Ukraine's economy grew 2.3 percent in 2016 after two years of contraction.

Editor: Jiaxin
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Central bank estimates Ukraine's GDP growth at 2.1 pct in 2017

Source: Xinhua 2018-02-02 22:25:59

KIEV, Feb. 2 (Xinhua) -- Ukraine's gross domestic product (GDP) grew 2.1 percent in 2017 on the back of increased consumption of goods and services in the local market, the National Bank of Ukraine (NBU) said Friday in an estimate.

"Domestic demand continued to be the main driver of the real GDP growth," the NBU said in a report, noting that the demand was spurred by increased wages.

Other major factors contributing to the GDP increase were growing investment, improved business expectations and solid corporate earnings.

The final figures for last year's economic performance will be delivered later by the State Statistics Service.

Ukraine's economy grew 2.3 percent in 2016 after two years of contraction.

[Editor: huaxia]
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