Page 80 - bnemagazine bne_December 2021_20211203.pdf

80 I New Europe in Numbers bne December 2021
Ukraine GDP growth y/y
Ukraine GDP slows to 2.4% growth in 3Q21, UkrStat estimates
Source: Ukraine state statistics agency
Share of people at risk of poverty or social exclusion for households with or without dependent children, 2020
Ukraine’s 3Q21 real GDP increased 2.4% year on year, slowing from 5.7% y/y growth in 2Q21, according to preliminary estimates from the State Statistics Service released on November 15. The seasonally adjusted GDP increased 1.4% quarter on quarter in 3Q21.
This is another set of disappointing statistics showing the extreme weakness of Ukraine’s economy. With a 3.5% y/y fall of the economy in 3Q20, the result of 3Q21 means that Ukraine’s output is still below its pre-pandemic level.
Albania has Europe’s highest share of households at risk of poverty
Albania has the highest share of households at risk of poverty among the EU countries, says Eurostat. The share of people at risk of poverty was just over 50% as of 2020. No other country topped 40% for either category.
In candidate country Montenegro and EU member Romania, the share of people at risk was 36.3%. High risk in candidate countries North Macedonia, Turkey and Serbia scored 34.1%, 33.2% and 31.1% respectively, as well as EU member Bulgaria (33.2%). Across the EU, the rate was 21.0%. The lowest risk of poverty was in Czechia at 12.1%, followed by Slovenia (13.7%), Slovakia (14.9%) and Finland (15.4%).
Georgia’s exports hit new record in October after 32% y/y growth
Georgia’s exports surged by 32% y/y to $411mn in October, and the growth compared to October 2019 was equally impressive at 29%, according to data released by the statistics office Geostat.
In January-October, the country’s exports rose by 24.9% y/y (to $3.39bn) and by 11% compared to the same period of 2019. The country’s Minister of Economy Natia Turnava praised the performance, arguing that this is the result of the government’s import substitution policies.
Poland’s GDP growth beats consensus with 5.3% y/y expansion in Q3
Polish GDP expanded a seasonally adjusted 5.3% y/y in the third quarter, easing after a jump of 10.9% y/y in the preceding three months, the Central Statistical Office (GUS) said in a flash estimate on November 12.
The flash reading comes above the consensus line of 4.8% y/y to affirm Poland’s economy is on track for a sustained recovery after the COVID-19 (coronavirus) induced recession that lasted 12 months from Q2 2020 to Q1 2021.
Georgia: exports, imports $mn
Poland GDP, adjusted change y/y
Source: GUS
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