Ukraine’s Second-Quarter GDP Shrinks 1.1% in Year on Weak Demand
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Ukraine’s economy contracted for the fourth quarter on an annual basis as industrial production slumped because of weak global demand for the country’s products.
Gross domestic product shrank 1.1 percent in the second quarter from the same period a year ago, matching the median estimate in a Bloomberg survey of eight economists, the state statistics committee, based in the capital Kiev, said in a statement on its website. The economy slid 0.4 percent in the first three months.