Ukraine Exits 18 Months of Recession to Face Meager Recovery
- GDP advances 0.7% from 2Q while annual decline continues
- Faster reform, graft fight key to revival, Dragon Capital says
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Ukraine’s economy exited 1 1/2 years of recession last quarter, reaching a milestone toward what officials predict will be a drawn-out recovery.
Gross domestic product rose a preliminary 0.7 percent in July-September from the previous quarter, the State Statistics Office said Monday, buoyed by a modest industrial revival and relative peace in the nation’s east. The annual decline eased to 7 percent from 14.6 percent in the second quarter and as high as 17.2 percent in the first. That’s less than the 9.5 percent median forecast in a Bloomberg survey of five economists.