Ukraine Economy Slump Slows as Government Sees Turning Point
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Ukraine’s 18-month economic slump slowed in the second quarter as capital controls and a lull in the nation’s military conflict helped turn the hryvnia into the world’s best performing currency.
Gross domestic product sank 14.7 percent from a year earlier, compared with a 17.2 percent plunge in the previous three months, the statistics office in Kiev said Friday in an e-mailed statement. GDP fell a seasonally adjusted 0.9 percent on a quarterly basis. Growth may resume between July and September, the Economy Ministry predicts.