President Poroshenko: Ukraine's GDP growing 6 quarters in a row after 14 quarters of decline

President Poroshenko: Ukraine's GDP growing 6 quarters in a row after 14 quarters of decline

Ukrinform
The Ukrainian economy has started to recover, and GDP has been growing six quarters in a row after fourteen quarters of decline.

President of Ukraine Petro Poroshenko said this in his address to the participants of the Ukrainian Financial Forum.

"Strict anti-crisis measures, macro-financial stabilization, reducing tax burden, deregulation, anti-corruption measures, opening new foreign markets, including thanks to the Association Agreement and the deep and comprehensive free trade area with the European Union – these steps have cleared the way for the restoration of our economy. The GDP has been growing six quarters in a row after fourteen quarters of decline," he said.

"Having received a powerful blow because of the war, the aggressive closure of our once largest market by Russia and even the Russian blockade of exports to third countries, we not just survived but avoided the default... We laid the foundation for sustainable development," Poroshenko said.

ol


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-