The “energy war” won by Ukraine has added optimism to business. The situation is improving in many sectors of the economy.
As a result of February, the decrease in GDP of Ukraine reached 26% (±2%), which is better than in January – 32% (±2%). This was reported by the Ministry of Economy on Wednesday, March 8.
function news4569336() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4569336&lang=2&IsAjax=true’, function (data) { $(‘#nk4569336’).html(data); });
}
news4569336();
“Economic activity gradually recovered in February, due to the significant decrease in power shortages and the reduction in the duration of outages due to the resumption of work of all available types of generation in the energy system from mid of February,” said Yulia Sviridenko, First. Deputy Prime Minister and Minister of Economy.
He added that “the ‘energy war’ won by Ukraine added optimism to businesses, which improved their moods for the future and increased their activities.”
Thus, in February, compared to January, the situation in industrial production improved somewhat due to the reduction in the pressure of such a factor as the lack of electricity, due to the operation of nine units in nuclear power plants.
According to the Ministry of Economy, the situation is improving in many sectors of the economy. Thus, in the transportation sector, there was a gradual resumption of activity in all major modes of transportation, except for air travel, which was not conducted in wartime conditions.
The situation in animal husbandry has also improved somewhat, gradually adapting to the difficult operating conditions, particularly in regions relatively less affected by the war and where farmers have moved from the frontline territories. Expectations for business activity in the trade sector, which is sensitive to changes in demand, have improved significantly.
There is a gradual improvement in the situation in the construction sector. This happened due to the fact that construction work is intensifying in the occupied territories, including the restoration of destroyed or damaged residential facilities, industry, and infrastructure, the ministry said.
It will be recalled that this week the Ministry of Economy significantly worsened its forecast for GDP growth. The revision of the macro forecast is connected to the assumption that the conflict will last “almost a full year.” At the same time, the department improved its inflation forecast.
news Correspondent.net on Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.