According to Mr Andriy Kliuyev First Deputy Prime Minister of Ukraine, Ukraine GDP growth exceeded 5% YoY in January to August 2011. Economic growth will reach 4.7% YoY in 2011 compared to 4.2% YoY in 2010.

In 2012, GDP will increase 5.5% YoY the government estimated in its 2012 draft budget. The economic growth data is based on solid results in industrial sectors and a healthy performance in consumer-oriented sectors. Nonetheless, it is expected GDP growth will weaken to below 5% YoY by the end of the year.

(Sourced from www.phoenix-capital.ua)