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UFC 140 Live Stream
UFC 140 Live Streaming
KIEV, Aug. 31 (Xinhua) -- The Ukrainian economy has emerged from more than two years of recession after showing two consecutive quarters of growth. Yet, uncertainties still remain, posing long-term risks to a sustainable recovery.
WORST RECESSION OVER
In August, official data showed that the Ukrainian gross domestic product (GDP) went up by 1.3 percent year-on-year in the second quarter of 2016, after rising 0.1 percent in the first quarter.
Although the figure was lower than the preliminary official estimates of 2.3-percent GDP growth in the second quarter, it has indicated that the economy had emerged from the crisis that started in the first quarter of 2014.
"This data suggested good news for all Ukrainians. First of all, we have officially emerged from the recession, and secondly, the second quarter results show that the economic recovery is accelerating," said Vitaly Shapran, an expert at the Ukrainian Association of Financial Analysts.
Apart from the GDP increase, some other key Ukraine's economic indicators have also returned to the positive territory in the first two quarters of the year, inspiring hopes for a sustainable recovery.
Industrial output, a traditional growth engine of Ukraine, in January through June rose 2 percent on an annual basis, which marked the first increase since 2012.
Meanwhile, the retail sales, another drive of the economy, went up 2.3 percent in the first half against the backdrop of easing inflation and a 22.4-percent increase in average wages.
The country's financial system has also seen a moderate rebound as evidenced by the fact that the central bank has eased its monetary restrictions, including limits on foreign currency purchases and a ban on withdrawing investment profits from the country. Besides, the bank has reduced the key interest rate to 15.5 percent in July 2016 from 22 percent in December 2015.
The positive economic data has raised optimism that the worst recession in Ukraine could be over.
"Today, we can safely say that after two years of the severe crisis, the economic environment has become calmer and more favorable. Still, there are many challenges in the budget sector, but a possible default and the financial collapse are not on the agenda," said Natalia Leshchenko, an analyst at the Center for Social and Economic Research "CASE Ukraine."
RECOVERY STILL FRAGILE
Even though the latest economic data is encouraging, some analysts warned against premature celebration as the overall picture of the recovery is still mixed.
Many key macroeconomic indicators continued the d. Cheap Air Presto Cheap NFL Jerseys Cheap NFL Jerseys Wholesale NFL Jerseys China Cheap NFL Jerseys Cheap NFL Jerseys China Cheap Authentic NFL Jerseys Wholesale NFL Jerseys China Wholesale NFL Jerseys Cheap Authentic NFL Jerseys
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