According to Mr Oleksandr Osaulenko head of the State Statistics Service, Ukraine GDP growth in the second quarter 2012 is expected at above 2%.

He said that "In the first quarter GDP growth stood at 2%. There is every reason to expect that in the second quarter the growth will be more than 2%. He also recalled that in the five months of 2012 the growth in all sectors of the economy is recorded."

Mr Osaulenko noted that this May the improvement in industry, construction and transport was recorded. Construction output rose by 0.3% for the first time since the beginning of the year. In agriculture, the growth rate made 101.5%, and in April was 101.1%. Other words the rate has improved."

He said that "Hopefully, these symptoms of intensification and economic recovery will reinforce and gain the nature of stable economic growth."

Source - nrcu

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