EconMin: Ukraine overcomes recession.

By bne IntelliNews December 23, 2009
EconMin Bohdan Danylyshyn believes that Ukraine has overcome the recession. According to him, it is still early to say that the country has passed the crisis, however, he believes that the worst is over. The minister emphasizes that it is safe to say that the recession phase has ended for the industrial sector at the end of November. In November, for the first time in 15 months, industrial output has grown - by 8.6% y/y, as the EconMin announced. In m/m terms, industrial output shrank by 1.9% in November. In Jan-Nov, the industrial output fell by 24.0% y/y.

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