Ukraine’s Third Recession Since 2008 Confirmed on Industry Drop - Bloomberg

Ukraine’s Third Recession Since 2008 Confirmed on Industry Drop - Bloomberg:

"Ukraine’s economy slipped into its third recession since 2008 in the third quarter as industrial production plummeted.
Gross domestic product fell 0.4 percent from the previous three months after shrinking 0.5 percent in the second quarter, the state statistics committee, based in the capital, Kiev, said today on its website, citing preliminary data. GDP fell 1.5 percent from a year earlier, worse than the median estimate of 12 economists in a Bloomberg survey for 0.2 percent growth.
“The economy is in a protracted stagnation as it moves from one recession to another,” Alexander Valchyshen, head of research at Investment Capital Ukraine in Kiev, said by phone. “The government’s policy to boost economic growth has failed.”"

'via Blog this'