Ukraine continues to advance on its recovery path, but progress across different areas has been uneven. Weak GDP growth remains the key issue – household and investment demand is being held back by material post-crisis effects, and accelerating the pace of recovery will remain the key agenda item for
The Georgian economy
continues to grow, but the trend remains unstable because the base underpinning
the expansion is still narrow. According to our estimates, the 1H GDP increase
was driven by a surge in FDI, heightened government spending, and a spectacular
increase in the number of foreign tourists.
The Ukrainian economy continues to tread firmly along the recovery path, even though 1Q16 GDP growth underwhelmed expectations. We see the 2H being substantially more positive, on the back of stronger domestic and external demand. Inflation slowed drastically to single digits in April, a great achievement