The economy is reopening faster than expected thanks to rising exports from ports, stable electricity supplies and strong harvests.
Ukraine’s economic growth in 2023 is faster than expected. This is confirmed by data from the investment company Dragon Capital, which increased its assessment of Ukraine’s economic growth by 0.7 percentage points. up to 5.2% r/s.
“Ukraine’s economy continues to recover faster than expected, supported by rising exports from ports, stable electricity supplies and a better-than-expected harvest,” the report said.
Dragon Capital forecasts that real GDP growth in November-December will slow from the 10.5% in October estimated by the Ministry of Economy, mainly due to changes in agricultural production. However, the company estimates that real GDP will grow by 5% YoY in the fourth quarter of 2023, up from 3% earlier forecast.
The company maintains its forecast for economic growth in 2024, expecting real GDP to increase by 4% YoY.
Let us remind you that this year Ukraine recorded a grain harvest record.
Ukraine’s GDP growth accelerates to 10.5%
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.