Wednesday, July 15, 2009

First quarter GDP is finally announced!

Probably the Ukrainian Statistical Commettee could not take it any longer and finally announced the 1st quarter GDP. So, here it goes:

Ukraine experienced a 20.3% decline in GDP relative to the first quarter of 2008. It is a record drop among all European countries and very likely the absolute record worldwide.

It all came despite goods reults in agriculture. I wonder how would it look like if we had a poor weather last Fall.

Construction industry just collapsed with 54% drop and manufacturing followed with 36% drop.

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