Kiev - Ukraine's gross domestic product contracted an estimated 1% in the first quarter of 2014, compared with the same period last year, a senior Economy Ministry official said on Tuesday.
"The first quarter result is better than we expected," Deputy Economy Minister Anatoliy Maksyuta told a briefing. "...It will be roughly minus 1%, according to our estimates."
A Reuters poll had forecast a 2.8% GDP decline in the first quarter, compared with a 1.2% contraction during the same period a year ago.