Ukraine ahead of Russia in economic growth

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Photo: Valentyn Ogirenko / Reuters

The national Bank of Ukraine reported that the country’s GDP growth by the end of 2017 amounted to 2.1 percent. This is stated in the report published on the website of the regulator.

“In 2017, GDP growth is estimated at 2.1%”, — the document says. The national Bank said that they expect a slowdown of GDP in 2019-2020.

Inflation in Ukraine in 2017 amounted to 13.7 percent, exceeding the goal of the national Bank at the level of eight percent. According to estimates, in 2018 the inflation rate will remain high, but in the future may start to decline.

Thursday, February 1, Rosstat published data showing that GDP growth in Russia last year amounted to 1.5%, with expectations of economic development in the range of from 1.4 to 1.8 percent. Inflation in Russia for the year amounted to 2.5 per cent (the lowest figure in the modern history of the country — primas’. «Tapes.ru») when the primary target is to reduce it for the year by four percent.

Video, photo All from Russia.



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