The Ukrainian economy is adapting and recovering faster than previously predicted.
Ukraine recorded an increase in Ukraine’s real gross domestic product in the first quarter of 2023 compared to the fourth quarter of 2022. The seasonally adjusted growth rate was 2.4%, according to the Ministry of Economy, citing the State Statistics Service on Friday, June 9.
According to the results of the first quarter of 2023, in annual terms, the fall in GDP reached 10.5%. This is significantly better than the previous estimates of the Ministry of Economy (-14.1%).
“These data indicate that the Ukrainian economy is adapting and recovering at a faster pace than previously predicted,” said First Deputy Prime Minister Yulia Sviridenko.
At the same time, it was noted that Russia’s military aggression continues to generate new shocks and trials. There was a delay in the work of the grain corridor, exporters felt strict measures from neighboring countries on the import and transit of Ukrainian agricultural products. Now the destruction of the Kakhovskaya hydroelectric power station has been added to them.
Recall that in April the NBU improved its forecasts for the Ukrainian economy, including for the gross domestic product.
It was also reported that in 2022 the real GDP of Ukraine will decrease by 29.1%.
Source: korrespondent
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