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Ukraine Q1 GDP down 1 pct y/y -economy ministry

Source: Reuters - Tue, 29 Apr 2014 11:30 GMT
Author: Reuters
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KIEV, April 29 (Reuters) - Ukraine's gross domestic product contracted an estimated 1 percent in the first quarter of 2014, compared with the same period last year, a senior Economy Ministry official said on Tuesday.

"The first quarter result is better than we expected," Deputy Economy Minister Anatoliy Maksyuta told a briefing. "...It will be roughly minus 1 percent, according to our estimates."

A Reuters poll had forecast a 2.8 percent GDP decline in the first quarter, compared with a 1.2 percent contraction during the same period a year ago. (Reporting By Natalia Zinets, Writing by Alexei Anishchuk, Editing by Nigel Stephenson)

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