2024 The Ministry of Economy forecasts GDP growth of 4.6%, and investment of 29.6%, which will form the largest positive contribution to GDP growth components.
Ukraine’s real gross domestic product (GDP) growth for January-March 2024 reached 4.5% from 3.6% in January-February. In March, growth accelerated to 4.6%. Interfax wrote this on Friday, April 26, with reference to the Ministry of Economy of Ukraine.
It is indicated that in March 2024 compared to March 2023, almost all aggregated types of economic activity made a positive contribution to the total GDP.
“In March, the trend of renewed growth continued, supported by the stable operation of the Ukrainian sea corridor, increased production capacity in the mining industry, intensified production of mineral fertilizers, and increased demand for construction services in favorable weather conditions,” the economists noted.
This happened against the backdrop of improving business sentiment and reviving consumer activity.
At the same time, it was noted that the dynamics of electricity production slowed down significantly in the context of significant rocket attacks at the end of March, which led to serious damage to the energy infrastructure and required a significant amount of time and resources to be returned. this.
We remind you that in 2023, the real GDP of Ukraine grew by 5.3% after decreasing by 28.8% in 2022. Such data was published by the State Statistics Service.
Earlier, Prime Minister Denis Shmyhal said that in 2024 the Cabinet of Ministers expects 5% growth in Ukraine’s GDP.
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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.