Slow Ukrainian economic growth

RUSSIA / FSU POLITICS - In Brief 24 Nov 2018 by Alex Teddy
The Ukrainian State Statistical Service declared that GDP growth for the third quarter of 2018 was 2.8%. This may seem impressive but it is lower than for the previous two quarters. Ukraine's budget is predicated on growth of at least 3%. The World Bank predicts that Ukrainian growth will slow even further next year. The one bright spot for Ukraine is that trade with China is on the increase. Ukraine did USD 5.8 Billion in trade with China up to the end of August. China will soon be the main trading partner. Ukraine desperately needs new markets and indeed new sources of imports because of its fraught relationship with Russia.

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