The State Statistics Service of Ukraine predicts a 3.5% GDP drop in Q3

A 3.5% drop was recorded in the country’s real GDP in Q3 2020 compared to the same period a year earlier, as reported by the State Statistics Service of Ukraine on its website.

Ukraine’s economy grew by 8.5% against the previous quarter (after seasonal adjustment).

As reported by GMK Center earlier, the Ministry for Development of Economy, Trade and Agriculture of Ukraine estimated a cut in GDP in January–September 2020 at 5.5% y-o-y.

In Q3, economic decline in Ukraine reached 3.6%. In Q4, the Ministry of Economy expects GDP to decrease by 3%.