Ukraine’s economy grew by 4% – the Cabinet

Экономика Украины выросла на 4% - Кабмин

The Ministry of economy gave its estimate of GDP growth

The economy Ministry estimates GDP growth for seven months in 4%, whereas, the state statistics service said on 4,6% in six months.

For seven months of the year 2019 the growth of Ukraine’s GDP is approximately estimated at 4% (+/-0,2). This is stated in the review of the Ministry of economic development and trade.

Thus for six months the GDP growth was 3.6%.

According to the survey, in seven months has accelerated the growth of the composite index of production of goods and services by key economic activities (CIP) to 3.7% (2.4% for 6 months of 2019) due to the increase in the production of all without exception of aggregated economic activities (with the largest contribution to the growth of agriculture and construction).

“It is expected that the growth rate of m & as will slow down mainly due to smaller crops separate from crops that eliminates the improving expectations regarding the increase of the volume of the grain harvest and the positive impact the further development of animal industries”, – said in the review.

At the same time, maintaining high investment demand, revitalization of private enterprises of industry, transport and trade, the demand for individual foreign markets and increase of solvency of the population will support the dynamics of m & as on a high enough level of 3.0% (+/-0,2), according to the Ministry of economic development.

Экономика Украины выросла на 4% - Кабмин

 

According to state statistics, in the second quarter of 2019, compared to the same period last year, Ukraine’s GDP increased by 4.6%.

 

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