NBU expects acceleration of economic growth in second quarter of 2018

NBU expects acceleration of economic growth in second quarter of 2018

Ukrinform
The National Bank of Ukraine expects a moderate acceleration in the growth of the Ukrainian economy in the second quarter of 2018.

This was reported by the press service of the NBU.

"In the second quarter of 2018, the National Bank expects a moderate acceleration in the growth of the Ukrainian economy. The preservation of business expectations of enterprises at a high level indicates stable growth of the investment activity. Further increase in consumer demand for households will be facilitated by increased income of the population (including through military pensions, wages and remittances). In general, the conjuncture on foreign markets also remains favorable," the statement reads.

At the same time, in the first quarter of 2018, the Ukrainian economy accelerated its growth up to 3.1% on an annual basis. Compared to the previous quarter, the GDP growth was 0.9% seasonally adjusted.

Actual growth rates of real GDP in the first quarter of 2018 were higher than the expectations of the National Bank, published in the Inflation Report for April 2018 (2.3%).

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