The Ministry: the Shadow economy of Ukraine decreased

МЭРТ: Теневая экономика Украины сократилась

The Ministry of economic development announced the reduction of the shadow economy

At reducing level of shadow economy of Ukraine was affected by the aggression of the Russian Federation, said experts from the Ministry.

The level of shadow economy of Ukraine decreased in the first quarter to 37% compared to the same period last year. On Thursday, September 21, reported the press service of the Ministry of economic development and trade of Ukraine.

It is noted that the level of shadow economy accounted for 37% of official GDP, which is 6 percentage points less in comparison with the same period in 2016.

According to experts, the de-shadowing was the result of the resumption of economic growth against the background of consolidation of macroeconomic stability. In addition, the negative impact on the economy continues to provide Russian aggression and the decline in industrial production in the occupied territories.

We will remind, in August 2015, the level of shadow economy in Ukraine has risen to 47%. The shadow economy continued to grow in the country since 2013.