Bloomberg News

Ukrainian GDP Growth Slows to 4.2% on Exports, Central Bank Says

January 23, 2012

Jan. 23 (Bloomberg) -- Ukraine’s economic growth slowed to 4.2 percent from a year earlier in the last three months of 2011 as production of export products such as metals and chemicals fell amid dwindling foreign demand, the central bank said.

The economy probably expanded about 5 percent during the whole of last year, the regulator, based in the capital, Kiev, said today in a statement on its website.

Gross domestic product grew 6.6 percent from a year earlier in the third quarter, according to data from the state statistics service.

--Editors: Andrew Langley, Alan Crosby

To contact the reporter on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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