According to Mr Oleksandr Osaulenko head of the State Statistics Service of Ukraine, Ukraine's GDP growth in the second quarter of 2012 could be more than 2%.

He said that "In Q1 2012, GDP growth came to 2%. There is every reason to expect that in Q2 2012 it will be over 2%."

As reported, referring to the State Statistics Service, in Q1 2012, Ukraine GDP growth slowed to 2%YoY compared to 4.7% in the Q4 of 2011, 6.5% in the third quarter, 3.9% in the second quarter and 5.4% in the first quarter.

The government included the forecast for real GDP growth at 3.9% to the national budget for 2012. Experts from international financial organizations and independent experts have given more cautious projections, assessing the possible growth of the Ukrainian economy at 1-3% this year.

Source - Interfax

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