Economy

macro economics

Cabinet registers the GDP drop by 5.9% in June

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Cabinet registers the GDP drop by 5.9% in June
Photo: Reuters

The Cabinet of Ministers registered a 5.9% drop of the GDP in June compared with June in 2013, reads a draft No. 4308a On Amendments to the Law on the National Budget 2014.

According to the State Statistics Service, the real GDP decline increased... There was a huge decrease in June – to 94.1% (by 5.9%), in May – to 95.1% (by 4.9%), reads the document.

The GDP dropped in January-June by 3%, in January-May – by 2.3%, according to the government.

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