Ministry of Economy: GDP growth at 3.2 in Q4 y/y

The Ministry of Economy informed Wednesday that the GDP growth slowed down to 3.2 percent in Q4 year-on-year from 3.3 percent in Q3 y/y. The ministry believes that the pace of GDP growth will exceed 3 percent in the coming quarters. "The data allows to estimate that the GDP grew by 3.2 percent in Q4. The value added in manufacturing rose by 4.0 percent, while in construction by 2.5 percent. Total value added increased by some 2.8 percent,” the ministry announced. Central Statistical Office (GUS) informed Tuesday that the GDP grew by 3.3 percent in 2014 y/y, versus 1.7 percent in 2013 y/y.