Ukraine: Q2 growth print keeps GDP warrants on track
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Delayed Q2 GDP release shows growth of 19.5% yoy, versus -10.5% in Q1, broadly in line with consensus
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Stronger growth due to base effects alongside stronger domestic demand and policy measures
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The figure keeps alive hopes of a relatively strong annual growth rate this year; reiterate Buy on GDP warrants
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
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