In September, most of the main economic activities in Ukraine showed positive results.
At the end of September, Ukraine’s GDP growth was about 9.1% compared to the same period last year. The Ministry of Economy announced this on Wednesday, October 25.
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“As a result, for January-September 2023, growth is estimated at 5.3% compared to the corresponding period last year,” the report said.
According to the department, most of the main economic activities showed positive results in September. Thus, there has been a restoration of the economic activity of enterprises in many sectors of the processing industry and the manufacturing sector in general.
A significant positive contribution to GDP in September was made by the service sector, the food industry, mechanical engineering and production of building materials, and the mining industry.
At the same time, the biggest limiting factor for economic growth in September remains: the security situation, the deterioration of the production capacities of individual enterprises (mainly in the east of the country) and logistical restrictions for exporters .
Earlier, the IMF upgraded its forecast in April for the growth rate of the Ukrainian economy from a decline of 3% to growth of 2% this year.
And the Ministry of Economy believes that in 2023 the Ukrainian economy will grow by 5%.
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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.