PM: GDP growth for eight months was 1.5%

Ukraine’s GDP growth for the first eight months of 2012 was 1.5%, Prime Minister of Ukraine Mykola Azarov said during the Cabinet’s meeting, ForUm correspondent reports.

"This week, the State Statistics Committee of Ukraine has calculated the economy results for eight months of 2012. The preliminary estimate of GDP growth is 1.5%," Azarov said.

The PM also said that the GDP growth goes against the backdrop of a global recession.

"I'm not talking about the excessive energy prices pressure on the economy. The mining gives stable increase in production - 3.2%. Development of trade continues showing high growth, its turnover increased by 16%," the head of the government said, adding that the indexes in a number of industries are "not very good".