Ukraine's economy expands in Q3 on strong investment, consumption

Source: Xinhua| 2017-11-15 04:53:34|Editor: Mu Xuequan
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KIEV, Nov. 14 (Xinhua) -- Ukraine's gross domestic product (GDP) rose 2.1 percent year-on-year in the third quarter of 2017, according to the preliminary estimates of the State Statistics Service released here on Tuesday.

According to local experts, the East European economy has expanded mainly on the back of the increased investment activity and domestic consumption.

The strong demand for Ukraine's exports on the global market has also contributed to the positive performance of the economy.

Between July and September 2017, Ukraine's economy has registered the seventh consecutive quarter of growth, signalizing that it has fully recovered from the prolonged crisis.

The Ukrainian economy grew by 2.3 percent in 2016 compared with a consolidated decline of 16.5 percent over the previous two years.

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