in the first quarter of 2017, the rate of economic growth amounted to 1.4%, significantly below the forecasts of experts and will effectively reduce the level of GDP per capita.
One of the main factors unexpectedly low growth was a decline of 1.6% yoy
private consumption, recent years as one of the engines of economic growth.
Another factor is a decrease of 6% yoy real investments from emerging in the first quarter of 2017, the cooling of the market of new cars.
Exports of goods and services (excluding diamonds and startup companies) grew by 8% yoy. In particular, industrial exports grew 4.4%, the export of tourist services – by 15.8%.